Legislation

Title: Maryland Benefit Corporations - Purposes, Duties of Directors, and Liability
Sponsored by: Senators Raskin and Feldman
Status: In the Senate - Rereferred to Judicial Proceedings
Analysis

Synopsis

Altering the purpose of a Maryland benefit corporation; clarifying that a director of a benefit corporation is required to perform the director's duties in accordance with a specified standard; authorizing a director to consider the effects of a specified action or decision; providing that a director may not be required to give priority to a specified interest or factor over any other interest or factor; etc.

Committees

Original:: Judicial Proceedings

Details

Bill File Type: Regular

Effective Date(s): October 1, 2014

History

Legislation History
Chamber Senate Calendar Date 2/07/2014 Legislative Date 2/10/2014 Action First Reading Senate Rules Proceedings
Chamber Senate Calendar Date 2/26/2014 Legislative Date 2/27/2014 Action Rereferred to Judicial Proceedings Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/07/2014	2/10/2014	First Reading Senate Rules
Senate	2/26/2014	2/27/2014	Rereferred to Judicial Proceedings

Documents

Date Posted	Document Name
2/11/2014	Text - First - Maryland Benefit Corporations - Purposes, Duties of Directors, and Liability

File Code

Subjects

Statutes