SENATE BILL 1029

File Code: Corporations and Associations Crossfiled with: HOUSE BILL 1234

Sponsored By:

Senator Gladden

Entitled:

Maryland General Corporation Law - Altering Corporate Procedures

Synopsis:

Repealing specified provisions requiring a corporation to give specified notice and hold specified meetings at specified times; clarifying that specified stockholders only have preemptive rights under specified circumstances; requiring a corporation to send specified information to a stockholder at a specified time without charge; clarifying that a specified resignation is enforceable; authorizing specified delegations of authority by corporations; etc.

History by Legislative and Calendar Date

Senate Action

3/14

First Reading Senate Rules

Motion Rules Suspended for late introduction (Senator Gladden) Adopted

Referred Senate Rules

3/16

Re-referred Judicial Proceedings

Hearing 3/22 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

Charters

Committees and Commissions -see also- Political Committees

Corporations -see also- Municipal Corps; Public Corps & Inst

Limited Liability Companies

Notices

Prices -see also- Consumer Price Index

Securities

Bill affects the following Statutes:

Corporations and Associations

( 2-202 , 2-205 , 2-210 , 2-406 , 2-411 , 2-418 , 2-501 , 2-505 , 2-506 , 3-109 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered