CHAPTER NUMBER: 720
File Code: Corporations and Associations
- Sponsored By:
-
Delegate Frank
- Entitled:
-
Corporations - Directors - Terms
Providing that the initial directors of a corporation serve until
their successors are elected; repealing the requirement that the
initial directors term ends at the first annual meeting; and providing
that if directors have been divided into classes the director may not
be removed without cause.
House Action
- 2/6
- First Reading Economic Matters
- 2/12
- Hearing 3/12 at 1:00 p.m.
- 3/18
- Favorable Report by Economic Matters
- Favorable Report Adopted
- Second Reading Passed
- 3/20
- Third Reading Passed (138-0)
- 3/31
- Returned Passed
- 5/22
- Signed by the Governor Chapter 720
Senate Action
- 3/21
- First Reading Judicial Proceedings
- 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 Subject:
- CORPORATIONS -see also- MERGERS
- Bill affects the following Statutes:
- Corporations and Associations
- (
2-104 ,
2-404 ,
2-406
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)