1997 Regular Session

HOUSE BILL 1107

CHAPTER NUMBER: 717 File Code: Corporations and Associations
Sponsored By:
Delegate Frank
Entitled:
Corporations and Real Estate Investment Trusts - Charter Documents and Mergers

Synopsis:

Providing procedures for a real estate investment trust to execute certain articles pursuant to specified guidelines; clarifying the power of a corporation and real estate investment trust to restrict transferability of its shares of stock or beneficial interest; providing a procedure for a real estate investment trust to restate and amend its declaration of trust; permitting a corporation or real estate investment trust to merge with certain subsidiaries under certain circumstances; etc.

Legislative History

House Action
2/6
First Reading Economic Matters
2/12
Hearing 3/12 at 1:00 p.m.
3/20
Favorable with Amendments Report by Economic Matters
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (136-0)
3/31
Returned Passed
5/22
Signed by the Governor Chapter 717
Senate Action
3/24
First Reading Judicial Proceedings
3/25
Hearing 3/26 at 1:00 p.m.
4/3
Favorable Report by Judicial Proceedings
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
CORPORATIONS -see also- MERGERS
MERGERS
REAL ESTATE INVESTMENT TRUSTS
SECURITIES
Bill affects the following Statutes:
Corporations and Associations
( 1-301 , 2-105 , 3-105 , 3-202 , 8-203 , 8-203 , 8-501.1 , 8-501.2 , 8-501.3 )

Documents:

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

Amendments:
House
Number: 063867/1 (PDF) Offered on: MARCH 20, 1997 at: 11:09 Status: Adopted