1999 Regular Session

SENATE BILL 169

CHAPTER NUMBER: 300 File Code: Corporations and Associations Crossfiled with: HOUSE BILL 180
Sponsored By:
The President (Administration)
Entitled:
Corporations and Real Estate Investment Trusts - Unsolicited Takeovers

Synopsis:

Clarifying that a corporation may include specified provisions in its charter and bylaws; clarifying that a real estate investment trust may include specified provisions in its declaration of trust or bylaws; providing that the duties of directors of a corporation and the duties of the trustees of a real estate investment trust do not require them to take specified actions; providing that specified provisions of the Act do not apply unless specified corporations or real estate investment trusts elect to be subject to them; etc.

History by Legislative Date

Senate Action
1/28
First Reading Senate Rules
2/1
Re-referred Judicial Proceedings
2/10
Hearing 2/25 at 1:00 p.m.
3/16

Favorable with Amendments Report by Judicial Proceedings
3/17
Favorable with Amendments
Laid Over (Senator Frosh) Adopted
3/18
Favorable with Amendments
Special Order 3/22 (Senator Hoffman) Adopted
3/22
Favorable with Amendments
Special Order 3/23 (Senator Frosh) Adopted
3/23
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/25
Third Reading Passed (38-9)
4/9
Senate Concur - House Amendment
Third Reading Passed (40-6)
Passed Enrolled
5/13
Signed by the Governor Chapter 300
House Action
3/25
First Reading Economic Matters
3/26
Hearing 4/5 at 1:00 p.m.
3/31
Hearing cancelled
Hearing 4/5 at 12:00 p.m.
4/8
Favorable with Amendments Report by Economic Matters
4/4
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/5
Third Reading Passed with Amendments (112-27)
Sponsored by:
President of the Senate
Administration
Bill indexed under the following Subjects:
CHARTERS
CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS
REAL ESTATE INVESTMENT TRUSTS
SECURITIES
Bill affects the following Statutes:
Corporations and Associations
( 1-101 , 2-104 , 2-104 , 2-201 , 2-402 , 2-404 , 2-405.1 , 2-406 , 2-502 , 2-504 , 3-801 , 3-802 , 3-803 , 3-804 , 3-805 , 8-202 , 8-205 , 8-206 , 8-601.1 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 078860/1 (PDF)     Offered on: March 23, 1999   at: 12:24 p.m.     Status: Adopted
House
Number: 813788/1 (PDF)     Offered on: April 8, 1999   at: 10:29 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 25, 1999: Third Reading Passed (38-9)
April 9, 1999: Third Reading Passed (40-6)
House
April 5, 1999: Third Reading Passed (112-27)