1996 Regular Session

HOUSE BILL 637

CHAPTER NUMBER: 629 File Code: Corporations and Associations
Sponsored By:
Delegates Frank and Doory
Entitled:
Corporations - Executive and Other Committees

Synopsis:

Allowing executive and other committees of the board of directors of a corporation to consist of one or more directors; altering an exception to the authority of a board of directors to delegate its powers to a committee; and clarifying the power of committees of the board of directors to take action with respect to the issuance of capital stock.

Legislative History

House Action
2/1
First Reading Economic Matters
2/14
Hearing 3/7 at 1:00 p.m.
3/19
Favorable with Amendments Report by Economic Matters
3/20
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (133-1)
4/1
Returned Passed
5/23
Signed by the Governor Chapter 629
Senate Action
3/25
First Reading Judicial Proceedings
3/26
Hearing 3/28 at 1:00 p.m.
4/3
Favorable Report by Judicial Proceedings
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (45-0)
Sponsored by:
Delegate Robert L. Frank, District 11
Delegate Ann Marie Doory, District 43
Bill indexed under the following Subjects:
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
CORPORATIONS -see also- MERGERS
SECURITIES
Bill affects the following Statute:
Corporations and Associations
( 2-411 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments:
House
Number: 413159/1 (PDF) Offered on: MARCH 20, 1996 at: 10:17 Status: Adopted