Find a 2014 Bill:

2014 Regular Session



Maryland Benefit Corporations - Purposes, Duties of Directors, and Liability

Sponsored by:

Senator Raskin


In the Senate - Rereferred to Judicial Proceedings

Synopsis:Altering the purpose of a Maryland benefit corporation; clarifying that a director of a benefit corporation is required to perform the director's duties in accordance with a specified standard; authorizing a director to consider the effects of a specified action or decision; providing that a director may not be required to give priority to a specified interest or factor over any other interest or factor; etc.
Analysis:Not available at this time
All Sponsors:Senators Raskin and Feldman
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2014
Judicial Proceedings
Broad Subject(s):Corporations and Associations
Narrow Subject(s):Civil Actions -see also- Small Claims
Corporations -see also- Municipal Corps; Public Corps & Inst
Liability -see also- Good Samaritan

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October 24, 2017 1:57 P.M.