SENATE BILL 468

Sponsored By:

Senator Frosh

Entitled:

Corporations and Associations - Resident Agents and Directors

Synopsis:

Prohibiting specified entities from designating a person as a resident agent without first obtaining the person's written consent; requiring the written consent to be filed with the Department of Assessments and Taxation; making the consent effective upon acceptance by the Department; authorizing a resident agent to resign without paying a specified fee; and providing that directors of corporations that are investment companies shall be deemed to be independent and disinterested for purposes of performing their duties.

History by Legislative Date

Senate Action

2/6

First Reading Judicial Proceedings

2/11

Hearing 3/4 at 1:00 p.m.

3/10

Favorable with Amendments Report by Judicial Proceedings

3/11

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/13

Third Reading Passed (44-0)

4/12

Senate Concur - House Amendments (26-20)

Third Reading Passed (27-19)

Passed Enrolled

5/12

Signed by the Governor Chapter 397

House Action

3/16

First Reading Judiciary

3/20

Re-assigned Economic Matters

3/25

Hearing 4/2 at 1:00 p.m.

4/9

Favorable Report by Economic Matters

4/4

Favorable Report Adopted

Second Reading Passed

4/5

Special Order 4/13 (Delegate Busch) Adopted

4/8

Motion Reconsider Special Order until 4/13 (Delegate Busch) Adopted

Floor Amendment (Frank) Adopted

Motion Special Order 4/13 (Delegate Getty) Rejected

Third Reading Passed with Amendments (113-10)

Bill indexed under the following Subjects:

AGENTS AND BROKERS

ASSESSMENTS AND TAXATION, DEPARTMENT OF

CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS

FEES -see also- DEVELOPMENT FEES AND TAXES

Bill affects the following Statutes:

Corporations and Associations

( 1-208 , 2-405.3 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 458458/1 (PDF)     Offered on: March 11, 1998   at: 11:02 a.m.     Status: Adopted

House

Number: 303801/1 (PDF)     Offered on: April 11, 1998   at: 4:10 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 13, 1998: Third Reading Passed (44-0)

April 12, 1998: Third Reading Passed (26-20)

House

April 8, 1998: Third Reading Passed (113-10)