SB0041

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Nonstock Corporations – Consolidations, Mergers, and Conversions

Sponsored by:

Chair, Judicial Proceedings Committee

Status:

In the House - First Reading Economic Matters


Synopsis:Specifying that certain authority of a nonstock corporation to convert applies only to a Maryland nonstock corporation; authorizing a foreign nonstock corporation to convert into a Maryland nonstock corporation; and prohibiting a foreign nonstock corporation from converting into a Maryland corporation that has the authority to issue stock.
Analysis:Fiscal and Policy Note
All Sponsors:Chair, Judicial Proceedings Committee (By Request - Departmental - Assessments and Taxation)
Additional Facts:Bill File Type: Pre-Filed
Effective Date(s): July 1, 2018
By Request of the Governor
Committee(s):
Judicial Proceedings  View Committee HearingEconomic Matters
Broad Subject(s):Corporations and Associations
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Foreign Ownership
Mergers and Acquisitions
Statutes:Article - Corporations and Associations
(5-207)

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Explanation of Floor Motions and Actions


February 13, 2018 10:17 A.M.