Legislation

Title: Corporations and Associations - Ratification of Defective Corporate Acts
Sponsored by: Senator Waldstreicher
Status: Approved by the Governor - Chapter 290
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:: Judicial Proceedings Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

Details

Cross-filed with: HB0996

Bill File Type: Regular

Effective Date(s): October 1, 2022

History

Legislation History
Chamber Senate Calendar Date 2/07/2022 Legislative Date 2/07/2022 Action First Reading Judicial Proceedings Proceedings
Chamber Senate Calendar Date 2/09/2022 Legislative Date 2/09/2022 Action Hearing 3/09 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Corporations and Associations - Ratification of Defective Corporate Acts Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Judicial Proceedings Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/21/2022 Action Favorable with Amendments Report by Judicial Proceedings Proceedings
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/08/2022 Action Favorable with Amendments {763027/1 Adopted Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/08/2022 Action Second Reading Passed with Amendments Proceedings 48 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Corporations and Associations - Ratification of Defective Corporate Acts Proceedings
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/10/2022 Action Third Reading Passed (47-0) Proceedings 50 Click to view Recorded Media
Chamber House Calendar Date 3/22/2022 Legislative Date 3/16/2022 Action Referred Economic Matters Proceedings 37 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 4/11/2022 Legislative Date 4/11/2022 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 4/11/2022 Legislative Date 4/03/2022 Action Favorable with Amendments {213320/1 Adopted Proceedings 55 Click to view Recorded Media
Chamber House Calendar Date 4/11/2022 Legislative Date 4/03/2022 Action Second Reading Passed with Amendments Proceedings 55 Click to view Recorded Media
Chamber House Calendar Date 4/11/2022 Legislative Date 4/04/2022 Action Third Reading Passed (133-0) Proceedings 56 Click to view Recorded Media
Chamber Senate Calendar Date 4/11/2022 Legislative Date 4/03/2022 Action Senate Concurs House Amendments Proceedings 74 Click to view Recorded Media
Chamber Senate Calendar Date 4/11/2022 Legislative Date 4/03/2022 Action Third Reading Passed (46-0) Proceedings 74 Click to view Recorded Media
Chamber Senate Calendar Date 4/11/2022 Legislative Date 4/03/2022 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Corporations and Associations - Ratification of Defective Corporate Acts Proceedings
Chamber Post Passage Calendar Date 5/12/2022 Legislative Date 5/12/2022 Action Approved by the Governor - Chapter 290 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
Senate	2/07/2022	2/07/2022	First Reading Judicial Proceedings
Senate	2/09/2022	2/09/2022	Hearing 3/09 at 1:00 p.m.
			Text - First - Corporations and Associations - Ratification of Defective Corporate Acts
			Vote - Senate - Committee - Judicial Proceedings	Click to view Recorded Media
Senate	3/21/2022	3/21/2022	Favorable with Amendments Report by Judicial Proceedings
Senate	3/21/2022	3/08/2022	Favorable with Amendments {763027/1 Adopted	48 Click to view Recorded Media
Senate	3/21/2022	3/08/2022	Second Reading Passed with Amendments	48 Click to view Recorded Media
			Text - Third - Corporations and Associations - Ratification of Defective Corporate Acts
Senate	3/21/2022	3/10/2022	Third Reading Passed (47-0)	50 Click to view Recorded Media
House	3/22/2022	3/16/2022	Referred Economic Matters	37 Click to view Recorded Media
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	4/11/2022	4/11/2022	Favorable with Amendments Report by Economic Matters
House	4/11/2022	4/03/2022	Favorable with Amendments {213320/1 Adopted	55 Click to view Recorded Media
House	4/11/2022	4/03/2022	Second Reading Passed with Amendments	55 Click to view Recorded Media
House	4/11/2022	4/04/2022	Third Reading Passed (133-0)	56 Click to view Recorded Media
Senate	4/11/2022	4/03/2022	Senate Concurs House Amendments	74 Click to view Recorded Media
Senate	4/11/2022	4/03/2022	Third Reading Passed (46-0)	74 Click to view Recorded Media
Senate	4/11/2022	4/03/2022	Passed Enrolled
			Text - Enrolled - Corporations and Associations - Ratification of Defective Corporate Acts
Post Passage	5/12/2022	5/12/2022	Approved by the Governor - Chapter 290
			Text - Chapter - Corporations and Associations - Ratification of Defective Corporate Acts

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Statutes