HOUSE BILL 743

Sponsored By:

Delegate Feldman

Entitled:

Maryland General Corporation Law - Altering and Updating Corporate Procedures and Miscellaneous Provisions

Synopsis:

Repealing a provision of law requiring a corporation to give specified written notice of the amount, time, and place of payment on subscriptions for stock to each subscriber; repealing a specified provision of law requiring that a call by the board of directors for payment on subscriptions be uniform as to all stock of the same class; clarifying that stockholders of a corporation formed on or after October 1, 1995, do not have specified preemptive rights unless the charter expressly grants the rights; etc.

History by Legislative and Calendar Date

House Action

2/4

First Reading Economic Matters

2/13

Hearing 3/13 at 1:00 p.m.

3/17

Favorable Report by Economic Matters

3/15

Favorable Report Adopted

Second Reading Passed

3/16

Third Reading Passed (135-0)

3/28

Returned Passed

Senate Action

3/20

First Reading Judicial Proceedings

3/31

Favorable Report by Judicial Proceedings

3/28

Favorable Report Adopted

Second Reading Passed

3/29

Third Reading Passed (47-0)

Action after passage in House and Senate

4/24

Approved by the Governor

- Chapter 292

Bill indexed under the following Subjects:

Charters

Committees and Commissions -see also- Political Committees

Corporations -see also- Municipal Corps; Public Corps & Inst

Disclosure

Liability -see also- Good Samaritan

Mergers and Acquisitions

Notices

Securities

Bill affects the following Statutes:

Corporations and Associations

( 2-202 , 2-205 , 2-210 , 2-406 , 2-411 , 2-418 , 2-501 , 2-505 , 2-506 , 3-109 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

House

March 16, 2008: Third Reading Passed (135-0)

Senate

March 29, 2008: Third Reading Passed (47-0)