HOUSE BILL 1131

CHAPTER NUMBER: 723 File Code: Corporations and Associations

Sponsored By:

Delegate Frank

Entitled:

Corporations and Real Estate Investment Trusts - Voting Trusts

Synopsis:

Repealing the 10-year limit on the term of a voting trust agreement for corporations; repealing requirements for extending a voting trust agreement for corporations; providing for voting trust agreements for real estate investment trusts; and providing that a voting trust for a real estate investment trust can be established by entering into a written agreement, depositing the agreement with the principal office of the real estate investment trust, and transferring the shares for purposes of the agreement to the trustee.

Legislative History

House Action

2/6

First Reading Economic Matters

2/12

Hearing 3/12 at 1:00 p.m.

3/18

Favorable with Amendments Report by Economic Matters

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/20

Third Reading Passed (134-2)

3/31

Returned Passed

5/22

Signed by the Governor Chapter 723

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 Subjects:

CORPORATIONS -see also- MERGERS

REAL ESTATE INVESTMENT TRUSTS

SECURITIES

VOTING -see also- BALLOTS; ELECTIONS

Bill affects the following Statutes:

Corporations and Associations

( 2-510 , 8-303 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 353166/1 (PDF) Offered on: MARCH 18, 1997 at: 10:29 Status: Adopted