File Code: Corporations and Associations
Crossfiled with: SENATE BILL 556
- Sponsored By:
-
Delegates Feldman, Hammen, Krysiak, and McHale
- Entitled:
-
Corporations - Objecting Stockholders - Right to Fair Value of Stock
Altering the circumstances under which a stockholder of a Maryland
corporation who objects to specified transactions may demand and
receive the fair value of the stockholder's stock; authorizing a
stockholder to demand the fair value of stock listed on a national
securities exchange under specified circumstances; altering the
definition of "beneficial owner" under the Maryland Business
Combination Act to exclude, under specified circumstances, a person
that holds a revocable proxy from a stockholder; etc.
Legislative date is used to record
history occuring in the Chambers
otherwise Calendar date is used.
House Action
- 2/4
- First Reading Economic Matters
- 2/13
- Hearing 3/13 at 1:00 p.m.
- 3/17
- Favorable with Amendments Report by Economic Matters
- 3/15
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/16
- Third Reading Passed (127-5)
- 3/28
- Returned Passed
Senate Action
- 3/20
- First Reading Judicial Proceedings
- 3/31
- Favorable Report by Judicial Proceedings
- 3/28
- Favorable Report Adopted
- Second Reading Passed
- 3/29
- Third Reading Passed (47-0)
Action after passage in House and Senate
- 5/22
- Vetoed by the Governor (Duplicative)
Sponsored by:
- Delegate Brian J. Feldman, District 15
- Delegate Peter A. Hammen, District 46
- Delegate Carolyn J. Krysiak, District 46
- Delegate Brian K. McHale, District 46
Bill indexed under the following Subjects:
- Appraisals
- Corporations -see also- Municipal Corps; Public Corps & Inst
- Mergers and Acquisitions
- Securities
Bill affects the following Statutes:
- Corporations and Associations
- (
3-201 ,
3-202 ,
3-202 ,
3-601 ,
3-601
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note (Displayed in PDF Format):
Available
- Amendments (Displayed in PDF Format):
House
- Number: 833794/01 Offered on: March 18, 2008 at:
10:51 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
House
- March 16, 2008: Third Reading Passed (127-5)
Senate
- March 29, 2008: Third Reading Passed (47-0)