SENATE BILL 517

File Code: Corporations and Associations

Sponsored By:

Senator Baker

Entitled:

Corporations - Bylaws

Synopsis:

Clarifying that the charter or bylaws of a corporation may vest all or any part of the power to adopt, alter, and repeal the bylaws of the corporation in the corporation's board of directors under specified circumstances; clarifying that the vote of the stockholders required to adopt, alter, or repeal the bylaws of a corporation may be specified in the charter or bylaws and may be greater than a majority of the votes cast; etc.

History by Legislative Date

Senate Action

2/1

First Reading Judicial Proceedings

2/6

Hearing 3/7 at 1:00 p.m.

3/18

Favorable Report by Judicial Proceedings

3/19

Favorable Report Adopted

Second Reading Passed

3/21

Third Reading Failed (19-22)

House Action

No Action

Bill indexed under the following Subjects:

CHARTERS

COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

Bill affects the following Statutes:

Corporations and Associations

( 2-109 , 3-806 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

Senate

March 21, 2002: Third Reading Failed (19-22)