File Code: Corporations and Associations
Crossfiled with: HOUSE BILL 741
- Sponsored By:
-
Senator Raskin
- Entitled:
-
Corporations and Real Estate Investment Trusts - Directors and Trustees -
Duties and Immunity from Liability
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.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 2/4
- First Reading Judicial Proceedings
- 2/9
- Hearing 3/9 at 1:00 p.m.
House 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
)
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