2003 Regular Session

HOUSE BILL 472

File Code: Corporations and Associations
Sponsored By:
Delegate Doory
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; and 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.

History by Legislative Date

House Action
2/5
First Reading Economic Matters
2/12
Hearing 2/19 at 1:00 p.m.
3/3
Favorable Report by Economic Matters
3/4
Favorable Report Adopted
Second Reading Passed
3/6
Third Reading Passed (136-0)
Senate Action
3/7
First Reading Judicial Proceedings
3/19
Hearing 3/25 at 1:00 p.m.
Bill indexed under the following Subjects:
CHARTERS
COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
VOTING -see also- BALLOTS; ELECTIONS
Bill affects the following Statute:
Corporations and Associations
( 2-109 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Vote (Legislative date is shown):
House
March 6, 2003: Third Reading Passed (136-0)