SENATE BILL 495

Sponsored By:

Senator Garagiola

Entitled:

Corporations - Directors and Stockholders - Meetings, Notices, and Consents

Synopsis:

Providing that specified actions by the board of directors of a Maryland corporation, a committee of the board, or the stockholders of the corporation may be taken by a specified consent given in writing or by electronic transmission and filed in paper or electronic form in specified locations; providing that meetings of the board of directors of a Maryland corporation may be held by means of remote communication; etc.

History by Legislative Date

Senate Action

1/31

First Reading Judicial Proceedings

2/5

Hearing 3/5 at 1:00 p.m.

3/17

Favorable with Amendments Report by Judicial Proceedings

3/18

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/20

Third Reading Passed (46-0)

4/2

Returned Passed

5/22

Signed by the Governor Chapter 387

House Action

3/20

First Reading Economic Matters

3/25

Hearing 3/27 at 1:00 p.m.

4/2

Favorable Report by Economic Matters

3/29

Favorable Report Adopted

Second Reading Passed

3/30

Third Reading Passed (136-0)

Bill indexed under the following Subjects:

CHARTERS

COMMITTEES AND COMMISSIONS -see also- POLITICAL COMMITTEES

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

ELECTRONIC COMMERCE -see also- ELECTRONIC FUNDS TRANSFER

NOTICES

TELECOMMUNICATIONS -see also- TELEPHONES

VOTING -see also- BALLOTS; ELECTIONS

Bill affects the following Statutes:

Corporations and Associations

( 1-101 , 1-101 , 2-408 , 2-409 , 2-502 , 2-502.1 , 2-503 , 2-504 , 2-504.1 , 2-505 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 328074/01 (PDF)     Offered on: March 18, 2003   at: 11:24 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 20, 2003: Third Reading Passed (46-0)

House

March 30, 2003: Third Reading Passed (136-0)