summary
Introduced
01/23/2017
01/23/2017
In Committee
01/16/2018
01/16/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to require business owners to notify employees of their eligibility to purchase or bid on said business prior to transfers of the business. Labor and Workforce Development.
AI Summary
This bill requires business owners to notify their employees in writing within seven days of signaling an intent to sell or transfer ownership of the business. The notification must inform employees that they are eligible to purchase or bid on the business through a cooperative or employee stock ownership program, and provide contact information for the Office of Employee Involvement and Ownership. The bill also grants employees the right of first refusal in bidding to purchase the business through such programs.
Committee Categories
Labor and Employment
Sponsors (9)
Brian Ashe (D),
Jamie Eldridge (D),
Michael Finn (D),
Carmine Gentile (D),
Carlos González (D),
Mary Keefe (D),
Paul Mark (D),
Aaron Vega (D),
Susannah Whipps (I),
Last Action
No further action taken (on 01/01/2019)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/190/H1026 |
| Bill | https://malegislature.gov/Bills/190/H1026.pdf |
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