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Legislation


2000 Regular Session

HOUSE BILL 1440

EMERGENCY BILL
File Code: Corporations and Associations
Sponsored By:
Delegates Schisler and Arnick
Entitled:
Corporations - Investment Companies - Directors

Synopsis:

Providing that a director of a corporation that is an investment company who is not an interested person with respect to the corporation shall be deemed to be independent and disinterested when making any determination or taking any action as a director; and providing for the application and construction of the Act.

History by Legislative Date

House Action
4/3
First Reading Economic Matters
Motion Rules Suspended for late introduction (Delegate Schisler) Adopted (115-2)
Motion Rules Suspended Re-referred Economic Matters (Delegate Hurson) Adopted (130-2)
4/8
Favorable with Amendments Report by Economic Matters
4/5
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/6
Third Reading Passed (125-2)
Senate Action
4/7
First Reading Senate Rules
Sponsored by:
Delegate Kenneth D. Schisler, District 37B
Delegate John S. Arnick, District 7
Bill indexed under the following Subjects:
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
ETHICS
INVESTMENTS -see also- SECURITIES
Bill affects the following Statutes:
Corporations and Associations
( 2-405.3 , 2-405.3 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 683793/1 (PDF)     Offered on: April 8, 2000   at: 11:20 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
April 3, 2000: Motion Rules Suspended for late introduction (Schisler) Adopted (115-2)
April 3, 2000: Motion Rules Suspended Re-referred Economic Matters (Hurson) Adopted (130-2)
April 6, 2000: Third Reading Passed (125-2)
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