HOUSE BILL 472

Sponsored By:

Delegate Doory

Entitled:

Corporations - Bylaws

Synopsis:

Clarifying that the charter or bylaws of a corporation may vest all or any part of the power to adopt, alter, and repeal the bylaws of the corporation in the corporation's board of directors under specified circumstances; and clarifying that the vote of the stockholders required to adopt, alter, or repeal the bylaws of a corporation may be specified in the charter or bylaws and may be greater than a majority of the votes cast.

History by Legislative Date

House Action

2/5

First Reading Economic Matters

2/12

Hearing 2/19 at 1:00 p.m.

3/3

Favorable Report by Economic Matters

3/4

Favorable Report Adopted

Second Reading Passed

3/6

Third Reading Passed (136-0)

Senate Action

3/7

First Reading Judicial Proceedings

3/19

Hearing 3/25 at 1:00 p.m.

Bill indexed under the following Subjects:

CHARTERS

COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

VOTING -see also- BALLOTS; ELECTIONS

Bill affects the following Statute:

Corporations and Associations

( 2-109 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Vote (Legislative date is shown):

House

March 6, 2003: Third Reading Passed (136-0)