Relating To Activity Desks. [SB-1130]
Makes a principal of an activity desk, and all persons with an ownership interest in the activity desk, jointly and severally liable for any financial deficiency when the activity desk's client trust account is insufficient to pay consumers or activity providers. Clarifies that an activity desk, along with its principal and all persons with an ownership interest in the activity desk, shall be held liable for statutory violations and subsequent damages. Effective 7/1/2050. (SD1)
Sponsored by: Sen. Angus McKelvey
Carried Over To 2024 Regular Session. on 12/11/2023
Relating To Activity Desks. [SB-1130]
Makes a principal of an activity desk, and all persons with an ownership interest in the activity desk, jointly and severally liable for any financial deficiency when the activity desk's client trust account is insufficient to pay consumers or activity providers. Clarifies that an activity desk, along with its principal and all persons with an ownership interest in the activity desk, shall be held liable for statutory violations and subsequent damages. Effective 7/1/2050. (SD1)
SB-1130: Relating To Activity Desks.
Sponsored by: Sen. Angus McKelvey
Pass First Reading on 03/09/2023