03/08/2006 08:30 AM Senate JUDICIARY

          HB 92-UNIV. OF ALASKA & NONPROFIT CORP STOCK                                                                      
                                                                                                                                
9:54:45 AM                                                                                                                    
CHAIR  RALPH SEEKINS  announced  SCS  CSHB 92(JUD)  to  be up  for                                                              
consideration.                                                                                                                  
                                                                                                                                
DEREK  MILLER, Staff  to Representative  Mike  Kelly, advised  the                                                              
committee  that the  concerns  of the  previous  meeting had  been                                                              
addressed.                                                                                                                      
                                                                                                                                
9:56:39 AM                                                                                                                    
SENATOR FRENCH reported  that Ms. Green of the  University Council                                                              
sent him a memo  about the piercing of the corporate  veil. He did                                                              
not get an answer to his concern of whether other states have                                                                   
adopted the same model.                                                                                                         
                                                                                                                                
MR. MILLER indicated the bill was modeled after legislation from                                                                
other states.                                                                                                                   
                                                                                                                                
CHAIR SEEKINS closed public testimony.                                                                                          
                                                                                                                                
SENATOR HUGGINS moved SCS CSHB 92(JUD) from committee with                                                                      
individual recommendations and attached fiscal notes. Hearing no                                                                
objections, the motion carried.