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Legislation


1999 Regular Session

HOUSE BILL 154

CHAPTER NUMBER: 395 File Code: Corporations and Associations
Sponsored By:
Delegate Barve
Entitled:
Corporations and Real Estate Investment Trusts - Powers of Corporations and Boards of Directors - Extraordinary Actions

Synopsis:

Altering the power of a corporation to make gifts or contributions; allowing a corporation to issue stock or other securities without consideration of any kind under specified circumstances; allowing specified amendments to be made to the charter of a corporation or to the declaration of trust of a real estate investment trust without stockholder or shareholder approval; allowing a corporation to consolidate with and merge into a corporation or business trust organized under the laws of a foreign country; etc.

History by Legislative Date

House Action
1/28
First Reading Economic Matters
2/3
Hearing 2/16 at 1:00 p.m.
2/23

Favorable with Amendments Report by Economic Matters
2/24
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/26
Third Reading Passed (130-4)
4/6
House Concur - Senate Amendments
Third Reading Passed (126-9)
Passed Enrolled
5/13
Signed by the Governor Chapter 395
Senate Action
3/1
First Reading Judicial Proceedings
3/24
Hearing 3/31 at 1:00 p.m.
4/5
Favorable with Amendments Report by Judicial Proceedings
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/6
Third Reading Passed with Amendments (46-0)
Bill indexed under the following Subjects:
CHARTERS
CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS
GIFTS
INTERNATIONAL AFFAIRS -see also- FOREIGN TRADE
MERGERS
REAL ESTATE INVESTMENT TRUSTS
SECURITIES
Bill affects the following Statutes:
Corporations and Associations
( 2-103 , 2-105 , 2-203 , 2-306 , 2-604 , 2-605 , 2-607 , 3-101 , 3-105 , 3-106 , 3-202 , 3-203 , 8-202 , 8-501 , 8-501.1 , 8-501.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 133385/1 (PDF)     Offered on: February 24, 1999   at: 10:21 a.m.     Status: Adopted
Senate
Number: 818861/1 (PDF)     Offered on: April 6, 1999   at: 11:38 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
February 26, 1999: Third Reading Passed (130-4)
April 6, 1999: Third Reading Passed (126-9)
Senate
April 6, 1999: Third Reading Passed (46-0)
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