2008 Regular Session

SENATE BILL 556

CHAPTER NUMBER: 191
File Code: Corporations and Associations Crossfiled with: HOUSE BILL 728
Sponsored By:
Senator Gladden
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.
Senate Action
2/1
First Reading Judicial Proceedings
2/6
Hearing 2/21 at 1:00 p.m.
3/4
Favorable Report by Judicial Proceedings
3/5
Favorable Report Adopted
Second Reading Passed
3/7
Third Reading Passed (45-0)
3/31
Senate Concur - House Amendment
Third Reading Passed (47-0)
Passed Enrolled
House Action
3/10
First Reading Economic Matters
3/17
Hearing 3/27 at 1:00 p.m.
3/31
Favorable with Amendments Report by Economic Matters
3/26
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/27
Third Reading Passed with Amendments (131-7)
Action after passage in Senate and House
4/24
Approved by the Governor
- Chapter 191

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, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 683295/01     Offered on: April 1, 2008   at: 11:20 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 7, 2008: Third Reading Passed (45-0)
March 31, 2008: Third Reading Passed (47-0)
House
March 27, 2008: Third Reading Passed (131-7)