Legislation

Title: Corporations and Real Estate Investment Trusts - Directors and Trustees - Duties and Immunity from Liability
Sponsored by: Senator Feldman
Status: In the Senate - Hearing 3/18 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Clarifying the duties of a director of a corporation and that the director must act in good faith, in a manner the director reasonably believes to be in the best interests of the corporation, and with the care that an ordinarily prudent person in a similar position would use under similar circumstances; clarifying that a director who acts in accordance with a specified provision of law shall have specified immunity from liability; etc.

Committees

Original:: Judicial Proceedings Click to view Recorded Media

Details

Cross-filed with: HB0521

Bill File Type: Regular

Effective Date(s): October 1, 2015

History

Legislation History
Chamber Senate Calendar Date 2/09/2015 Legislative Date 2/06/2015 Action First Reading Judicial Proceedings Proceedings
Chamber Senate Calendar Date 2/10/2015 Legislative Date 2/10/2015 Action Hearing 3/05 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/05/2015 Legislative Date 3/05/2015 Action Hearing cancelled Proceedings
Chamber Senate Calendar Date 3/05/2015 Legislative Date 3/05/2015 Action Hearing 3/18 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/09/2015	2/06/2015	First Reading Judicial Proceedings
Senate	2/10/2015	2/10/2015	Hearing 3/05 at 1:00 p.m.
Senate	3/05/2015	3/05/2015	Hearing cancelled
Senate	3/05/2015	3/05/2015	Hearing 3/18 at 1:00 p.m.

Documents

Date Posted	Document Name
2/10/2015	Text - First - Corporations and Real Estate Investment Trusts - Directors and Trustees - Duties and Immunity From Liability

File Code

Subjects

Statutes