Legislation

Title: Corporations and Associations - Ratification of Defective Corporate Acts
Sponsored by: Delegate Brooks
Status: Approved by the Governor - Chapter 289
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Establishing a process by which a defective corporate act may be ratified by a board of directors of a corporation; requiring a corporation ratifying a defective corporate act that would have required a filing with the State Department of Assessments and Taxation to file articles of validation with the Department; authorizing an adversely affected person or entity to file an action contesting a ratification under the Act; and applying the Act to real estate investment trusts.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Judicial Proceedings

Committee Testimony

Witness List

Details

Cross-filed with: SB0879

Bill File Type: Regular

Effective Date(s): October 1, 2022

History

Legislation History
Chamber House Calendar Date 2/10/2022 Legislative Date 2/10/2022 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations - Ratification of Defective Corporate Acts Proceedings
Chamber House Calendar Date 2/11/2022 Legislative Date 2/11/2022 Action Hearing 2/23 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/08/2022 Legislative Date 3/08/2022 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 3/09/2022 Legislative Date 3/03/2022 Action Favorable with Amendments {483327/1 Adopted Proceedings 24 Click to view Recorded Media
Chamber House Calendar Date 3/09/2022 Legislative Date 3/03/2022 Action Second Reading Passed with Amendments Proceedings 24 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporations and Associations - Ratification of Defective Corporate Acts Proceedings
Chamber House Calendar Date 3/11/2022 Legislative Date 3/05/2022 Action Third Reading Passed (134-0) Proceedings 26 Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2022 Legislative Date 3/02/2022 Action Referred Judicial Proceedings Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2022 Legislative Date 4/05/2022 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 4/05/2022 Legislative Date 3/24/2022 Action Favorable Adopted Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2022 Legislative Date 3/24/2022 Action Second Reading Passed Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2022 Legislative Date 3/25/2022 Action Third Reading Passed (46-0) Proceedings 65 Click to view Recorded Media
Chamber House Calendar Date 4/07/2022 Legislative Date 3/29/2022 Action Returned Passed Proceedings 50 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/12/2022 Legislative Date 5/12/2022 Action Approved by the Governor - Chapter 289 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Corporations and Associations - Ratification of Defective Corporate Acts Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/10/2022	2/10/2022	First Reading Economic Matters
			Text - First - Corporations and Associations - Ratification of Defective Corporate Acts
House	2/11/2022	2/11/2022	Hearing 2/23 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/08/2022	3/08/2022	Favorable with Amendments Report by Economic Matters
House	3/09/2022	3/03/2022	Favorable with Amendments {483327/1 Adopted	24 Click to view Recorded Media
House	3/09/2022	3/03/2022	Second Reading Passed with Amendments	24 Click to view Recorded Media
			Text - Third - Corporations and Associations - Ratification of Defective Corporate Acts
House	3/11/2022	3/05/2022	Third Reading Passed (134-0)	26 Click to view Recorded Media
Senate	3/14/2022	3/02/2022	Referred Judicial Proceedings	42 Click to view Recorded Media
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	4/05/2022	4/05/2022	Favorable Report by Judicial Proceedings
Senate	4/05/2022	3/24/2022	Favorable Adopted	64 Click to view Recorded Media
Senate	4/05/2022	3/24/2022	Second Reading Passed	64 Click to view Recorded Media
Senate	4/06/2022	3/25/2022	Third Reading Passed (46-0)	65 Click to view Recorded Media
House	4/07/2022	3/29/2022	Returned Passed	50 Click to view Recorded Media
Post Passage	5/12/2022	5/12/2022	Approved by the Governor - Chapter 289
			Text - Chapter - Corporations and Associations - Ratification of Defective Corporate Acts

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