2010 Regular Session

SENATE BILL 501

CHAPTER NUMBER: 79
File Code: Corporations and Associations Crossfiled with: HOUSE BILL 412
Sponsored By:
Senator Raskin
Entitled:
Real Estate Investment Trusts - Miscellaneous Provisions

Synopsis:

Clarifying that a real estate investment trust may provide by its declaration of trust that holders of one or more classes or series of shares have exclusive voting rights on an amendment that would alter only the contract rights of those shareholders; providing that, without action by the shareholders, the majority of the entire board of trustees may amend the declaration of trust in a specified manner under specified circumstances, unless prohibited in the declaration of trust; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/3
First Reading Judicial Proceedings
2/10
Hearing 2/24 at 1:00 p.m.
3/8
Favorable Report by Judicial Proceedings
Favorable Report Adopted
Second Reading Passed
3/10
Third Reading Passed (47-0)
4/2
Returned Passed
House Action
3/11
First Reading Economic Matters
3/17
Hearing 3/25 at 1:00 p.m.
4/2
Favorable Report by Economic Matters
3/28
Favorable Report Adopted
Second Reading Passed
3/29
Third Reading Passed (139-0)
Action after passage in Senate and House
4/13
Approved by the Governor
- Chapter 79

Bill indexed under the following Subjects:

Assessments and Taxation, Department of
Notices
Real Estate Investment Trusts
Records -see also- Land Records; Vital Records
Securities
Voting -see also- Ballots; Elections

Bill affects the following Statutes:

Corporations and Associations
( 8-101 , 8-203 , 8-203 , 8-501 , 8-503 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments: None offered
Committee Votes :
Senate
Judicial Proceedings
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 10, 2010: Third Reading Passed (47-0)
House
March 29, 2010: Third Reading Passed (139-0)