Leases; prohibited covenants. (HB1467)
Introduced By
Progress
✓ |
Introduced |
✗ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Property and conveyances; leases; prohibited covenants. Prohibits any lease for nonresidential property agreed to, executed or renewed on or after July 1, 2008, that contains a covenant restricting the lessor from entering into additional leases with additional parties that compete with the lessee's lines of business, unless the additional party's intended lines of business are in direct competition with no less than a majority of the lessee's lines of business. The bill provides that a lease in violation of this prohibition shall be deemed a prohibited contract in restraint of trade. Read the Bill »
Outcome
Bill Has Failed
History
Date | Action |
---|---|
01/15/2008 | Committee |
01/15/2008 | Presented and ordered printed 088752724 |
01/15/2008 | Referred to Committee on General Laws |
02/12/2008 | Left in General Laws |