HB0973

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Directors of Corporations - Duties and Standard of Conduct

Sponsored by:

Delegate Waldstreicher

Status:

In the House - Hearing 2/14 at 1:00 p.m.


Synopsis:Specifying that a certain statutory standard of conduct is the sole source of duties owed by a director of a corporation directly to the corporation and indirectly to the stockholders of the corporation; repealing a certain provision of law regarding the application of a certain statutory standard of conduct when a decision has been made to enter into a certain transaction; providing that certain provisions of law concerning the liability of a director of a corporation do not apply to certain actions; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Waldstreicher
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2018
Committee(s):
Economic Matters  View Committee Hearing
Broad Subject(s):Corporations and Associations
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Ethics
Investments -see also- Securities
Liability -see also- Good Samaritan
Statutes:Article - Corporations and Associations
(2-405.1)

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February 15, 2018 8:41 A.M.