1997 Regular Session

HOUSE BILL 1116

CHAPTER NUMBER: 720 File Code: Corporations and Associations
Sponsored By:
Delegate Frank
Entitled:
Corporations - Directors - Terms

Synopsis:

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.

Legislative History

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 )

Documents:

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