2003 Regular Session

HOUSE BILL 473

CHAPTER NUMBER: 302 File Code: Corporations and Associations
Sponsored By:
Delegate Doory
Entitled:
Corporations - Investment Companies

Synopsis:

Providing that under specified circumstances specified debts, liabilities, obligations, and expenses existing with respect to a particular class or series of stock of an investment company are enforceable only against the assets associated with that class or series; and exempting transfers of assets by open-end investment companies from requirements for stockholder approval and articles of transfer unless the charter or bylaws of the open-end investment company provide otherwise.

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 (137-0)
4/2
Returned Passed
5/13
Signed by the Governor Chapter 302
Senate Action
3/7
First Reading Judicial Proceedings
3/19
Hearing 3/25 at 1:00 p.m.
4/5
Favorable Report by Judicial Proceedings
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INVESTMENTS -see also- SECURITIES
MERGERS AND ACQUISITIONS
SECURITIES
Bill affects the following Statutes:
Corporations and Associations
( 2-208.2 , 3-104 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 6, 2003: Third Reading Passed (137-0)
Senate
April 4, 2003: Third Reading Passed (47-0)