2010 Regular Session

SENATE BILL 690

File Code: Corporations and Associations Crossfiled with: HOUSE BILL 1009
Sponsored By:
Senators Raskin and Frosh
Entitled:
Corporations - Benefit Corporation

Synopsis:

Authorizing a corporation to elect to be a specified benefit corporation by amending or including in the charter of the corporation a statement that the corporation is a benefit corporation; requiring the election to be approved by the stockholders in a specified manner; authorizing a corporation to terminate status as a benefit corporation in a specified manner; requiring that clear reference to the fact that a corporation is a benefit corporation appear prominently in a specified charter document; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/10
First Reading Judicial Proceedings
Hearing 2/24 at 1:00 p.m.
3/22
Favorable with Amendments Report by Judicial Proceedings
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (44-0)
4/6
Returned Passed
House Action
3/23
First Reading Economic Matters
3/31
Hearing 4/6 at 1:00 p.m.
4/8
Favorable Report by Economic Matters
4/1
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (125-13)
Action after passage in Senate and House
4/13
Approved by the Governor
- Chapter 97

Sponsored by:

Senator Jamie Raskin, District 20
Senator Brian E. Frosh, District 16

Bill indexed under the following Subjects:

Charters
Corporations -see also- Municipal Corps; Public Corps & Inst
Disclosure
Electronic Commerce -see also- Electronic Funds Transfer
Liability -see also- Good Samaritan
Public Information
Reports
Securities

Bill affects the following Statutes:

Corporations and Associations
( 5-6C-01 , 5-6C-02 , 5-6C-03 , 5-6C-04 , 5-6C-05 , 5-6C-06 , 5-6C-07 , 5-6C-08 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 318370/01     Offered on: March 25, 2010   at: 12:22 p.m.     Status: Adopted
Committee Votes :
Senate
Judicial Proceedings
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 2010: Third Reading Passed (44-0)
House
April 3, 2010: Third Reading Passed (125-13)