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.
Bill File Type: Regular
Effective Date(s): October 1, 2022
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Last Updated: 7/8/2022 4:17 PM