HOUSE BILL 741

File Code: Corporations and Associations Crossfiled with: SENATE BILL 601

Sponsored By:

Delegate Feldman

Entitled:

Corporations and Real Estate Investment Trusts - Directors and Trustees - Duties and Immunity from Liability

Synopsis:

Clarifying the duties of a director of a corporation and the manner in which a director must act; clarifying that a director who acts in accordance with a specified provision of law shall have specified immunity from liability; clarifying that a director of a corporation is not required to act solely because of the effect the act may have on, or the amount or type of consideration offered or paid to, stockholders in specified transactions involving the corporation; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.

House Action

2/10

First Reading Economic Matters

2/14

Hearing 3/3 at 1:00 p.m.

3/15

Favorable Report by Economic Matters

3/16

Favorable Report Adopted

Second Reading Passed

3/18

Special Order until 3/22 (Delegate Feldman) Adopted

3/20

Special Order until 3/24 (Delegate Feldman) Adopted

3/22

Recommit to Committee Economic Matters (Delegate Feldman)

Senate Action

No Action

Bill indexed under the following Subjects:

Civil Actions -see also- Small Claims

Corporations -see also- Municipal Corps; Public Corps & Inst

Liability -see also- Good Samaritan

Mergers and Acquisitions

Real Estate Investment Trusts

Securities

Bill affects the following Statutes:

Corporations and Associations

( 2-405.1 , 3-410 , 8-601.1 )

Courts and Judicial Proceedings

( 5-417 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Economic Matters