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