2011 Regular Session

SENATE BILL 601

File Code: Corporations and Associations Crossfiled with: HOUSE BILL 741
Sponsored By:
Senator Raskin
Entitled:
Corporations and Real Estate Investment Trusts - Directors and Trustees - Duties and Immunity from Liability

Synopsis:

Clarifying the duties of a director of a corporation and the manner in which a director must act; clarifying that a director who acts in accordance with a specified provision of law shall have specified immunity from liability; clarifying that a director of a corporation is not required to act solely because of the effect the act may have on, or the amount or type of consideration offered or paid to stockholders in specified transactions involving the corporation; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Judicial Proceedings
2/9
Hearing 3/9 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Civil Actions -see also- Small Claims
Corporations -see also- Municipal Corps; Public Corps & Inst
Liability -see also- Good Samaritan
Mergers and Acquisitions
Real Estate Investment Trusts
Securities

Bill affects the following Statutes:

Corporations and Associations
( 2-405.1 , 3-410 , 8-601.1 )
Courts and Judicial Proceedings
( 5-417 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered