1997 Regular Session

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