Minutes February 2014

The Corporate, Banking & Securities Law Section Council met this date via conference call. Participating members included Hal E. Cobb, M. Edwin Hinds, Jr., John Jennings, Stuart M. Lee, George E. Morrison, Brian T. Price, Bo Russell and James W. Sheedy. Representing Bar staff was Tara G. Caine.

Chairperson Jennings called the meeting to order.

The first item of business was approval of the minutes from the August 27, 2013, meeting. Mr. Morrison moved approval of the minutes. Mr. Jennings seconded the motion, and it was approved.

The next item of business was discussion on the Bar Convention. It was reported that the seminar was well attended and received. Ms. Caine was to email the evaluation summaries to the Council by the end of the month. She announced that the 2015 Convention was scheduled for January 22nd – 25th in Columbia. Ms. Bramlett was to serve as the course planner.

Next was discussion on the FY2014-15 Council nominations. Ms. Caine stated that the Council had voted on the proposed slate via email. The following slate was approved:

Chair: Sharon C. Bramlett
Chair-Elect: James W. Sheedy
Vice Chair: Stuart M. Lee
Secretary: Jennifer S. Ashburn
Section Delegate: M. Edwin Hinds Jr.
Immediate Past Chair: John Jennings

Council Members:
Bo Russell (Expires 2015)
George E. Morrison (Expires 2015)
Hal E. Cobb (Expires 2016)
Augustus M. “Gus” Dixon (Expires 2016)
Alonzo Chisolm, III (Expires 2017)
Mark S. Sharp (Expires 2017)

An announcement was distributed through the Section listserv.

Next was discussion on hosting an Intensive Workshop. Ms. Caine reported that the Section had conducted an intensive workshop in 2009. It was noted that Mr. Sheedy had served as the coordinator for the 2011 event but it had been cancelled due to the lack of participation. Mr. Jennings queried whether the Section should consider hosting an intensive in the near future. The Council questioned whether more members were obtaining their CLE credits online rather than attending live seminars and if it would be financially feasible for the Section to host the event. Ms. Caine was to further research and email her findings to the Council.

Next was discussion on legislative issues. Mr. Morrison provided a brief update on the Unincorporated Non-Profit Association Act and stated that the Members or Managers of Limited Liability Companies, H.3521, had been referred to the House Judiciary Committee. The Council expressed its desire for the Section to play a more active role in the progression of corporate laws in South Carolina. It was suggested to establish a legislative committee chair position. After discussion, Mr. Sheedy moved that the Section create a legislative committee chair position. The motion was seconded, and it was approved. George Morrison was appointed to serve in this capacity. Ms. Caine stated that the Council would need to amend the bylaws and submit to the House of Delegates for consideration.

In closing was discussion on Section involvement with the Bar’s Task Force on Lawyers in Transition Mentoring Program. Mr. Jennings stated that he received an email regarding the Section’s interest in participating in a quick answer mentoring program. Volunteers would provide guidance and assistance to new attorneys seeking advice. He welcomed feedback from the Council. The Council expressed concern over liability issues and the consensus was not to participate.

There being no further business to discuss, the meeting was adjourned.