2008 Regular Session

HOUSE BILL 728

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

Synopsis:

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.

History by Legislative and Calendar Date

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 )

Documents:

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)