2008 Regular Session

SENATE BILL 696

File Code: Corporations and Associations Crossfiled with: HOUSE BILL 743
Sponsored By:
Senator Gladden
Entitled:
Maryland General Corporation Law - Altering and Updating Corporate Procedures and Miscellaneous Provisions

Synopsis:

Repealing a provision of law requiring a corporation to give specified written notice of the amount, time, and place of payment on subscriptions for stock to each subscriber; repealing a specified provision of law requiring that a call by the board of directors for payment on subscriptions be uniform as to all stock of the same class; clarifying that stockholders of a corporation formed on or after October 1, 1995, do not have specified preemptive rights unless the charter expressly grants the rights; 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.
3/10
Favorable Report by Judicial Proceedings
3/11
Favorable Report Adopted
Second Reading Passed
3/13
Third Reading Passed (45-0)
3/30
Returned Passed
House Action
3/14
First Reading Economic Matters
3/17
Hearing 3/27 at 1:00 p.m.
3/31
Favorable Report by Economic Matters
3/26
Favorable Report Adopted
Second Reading Passed
3/27
Third Reading Passed (138-0)
Action after passage in Senate and House
5/22
Vetoed by the Governor (Duplicative)

Bill indexed under the following Subjects:

Charters
Committees and Commissions -see also- Political Committees
Corporations -see also- Municipal Corps; Public Corps & Inst
Disclosure
Liability -see also- Good Samaritan
Mergers and Acquisitions
Notices
Securities

Bill affects the following Statutes:

Corporations and Associations
( 2-202 , 2-205 , 2-210 , 2-418 , 2-406 , 2-411 , 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
Roll Call Votes (Legislative dates are shown):
Senate
March 13, 2008: Third Reading Passed (45-0)
House
March 27, 2008: Third Reading Passed (138-0)