Legislation

Title: Corporations and Associations – Definitions, Emergencies, and Outstanding Stock – Revisions
Sponsored by: Senators West and Waldstreicher
Status: Approved by the Governor - Chapter 609
Analysis: Fiscal and Policy Note

Synopsis

Altering certain definitions as they relate to certain Maryland business entities; authorizing a corporation to adopt certain emergency bylaws; authorizing a corporation to take certain actions during an emergency; limiting the liability of certain persons for certain corporate acts taken during an emergency; and clarifying when certain stock is outstanding.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

Details

Cross-filed with: HB0749

Bill File Type: Regular

Effective Date(s): October 1, 2024

History

Legislation History
Chamber Senate Calendar Date 1/18/2024 Legislative Date 1/18/2024 Action First Reading Judicial Proceedings Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations – Definitions, Emergencies, and Outstanding Stock – Revisions Proceedings
Chamber Senate Calendar Date 1/18/2024 Legislative Date 1/18/2024 Action Hearing 2/07 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/11/2024 Legislative Date 3/11/2024 Action Favorable Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/12/2024 Legislative Date 2/27/2024 Action Favorable Adopted Proceedings 43 Click to view Recorded Media
Chamber Senate Calendar Date 3/12/2024 Legislative Date 2/27/2024 Action Second Reading Passed Proceedings 43 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporations and Associations – Definitions, Emergencies, and Outstanding Stock – Revisions Proceedings
Chamber Senate Calendar Date 3/14/2024 Legislative Date 3/01/2024 Action Third Reading Passed (45-0) Proceedings 46 Click to view Recorded Media
Chamber House Calendar Date 3/15/2024 Legislative Date 3/05/2024 Action Referred Economic Matters Proceedings 44 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/28/2024 Legislative Date 3/28/2024 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/28/2024 Legislative Date 3/15/2024 Action Favorable Adopted Proceedings 54 Click to view Recorded Media
Chamber House Calendar Date 3/28/2024 Legislative Date 3/15/2024 Action Second Reading Passed Proceedings 54 Click to view Recorded Media
Chamber House Calendar Date 4/02/2024 Legislative Date 3/18/2024 Action Third Reading Passed (137-0) Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 4/03/2024 Legislative Date 3/17/2024 Action Returned Passed Proceedings 62 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/09/2024 Legislative Date 5/09/2024 Action Approved by the Governor - Chapter 609 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Corporations and Associations – Definitions, Emergencies, and Outstanding Stock – Revisions Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/18/2024	1/18/2024	First Reading Judicial Proceedings
			Text - First - Corporations and Associations – Definitions, Emergencies, and Outstanding Stock – Revisions
Senate	1/18/2024	1/18/2024	Hearing 2/07 at 2:00 p.m.
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/11/2024	3/11/2024	Favorable Report by Judicial Proceedings
Senate	3/12/2024	2/27/2024	Favorable Adopted	43 Click to view Recorded Media
Senate	3/12/2024	2/27/2024	Second Reading Passed	43 Click to view Recorded Media
			Text - Third - Corporations and Associations – Definitions, Emergencies, and Outstanding Stock – Revisions
Senate	3/14/2024	3/01/2024	Third Reading Passed (45-0)	46 Click to view Recorded Media
House	3/15/2024	3/05/2024	Referred Economic Matters	44 Click to view Recorded Media
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/28/2024	3/28/2024	Favorable Report by Economic Matters
House	3/28/2024	3/15/2024	Favorable Adopted	54 Click to view Recorded Media
House	3/28/2024	3/15/2024	Second Reading Passed	54 Click to view Recorded Media
House	4/02/2024	3/18/2024	Third Reading Passed (137-0)	57 Click to view Recorded Media
Senate	4/03/2024	3/17/2024	Returned Passed	62 Click to view Recorded Media
Post Passage	5/09/2024	5/09/2024	Approved by the Governor - Chapter 609
			Text - Chapter - Corporations and Associations – Definitions, Emergencies, and Outstanding Stock – Revisions

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Statutes