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Legislation


2011 Regular Session

SENATE BILL 595

File Code: Corporations and Associations Crossfiled with: HOUSE BILL 1151
Sponsored By:
Senators Raskin, Kelley, Forehand, and Jacobs
Entitled:
Corporations and Associations - Name Requirements for Benefit Corporations and Limited Liability Companies - Election to Be a Benefit Limited Liability Company

Synopsis:

Authorizing a Maryland limited liability company to elect to be a benefit limited liability company by including a specified statement in its articles of organization; specifying the process by which a limited liability company may terminate its status as a benefit limited liability company; requiring a clear reference to the fact that a limited liability company is a benefit limited liability company to appear prominently at the head of specified articles of organization or an amendment to the articles of organization; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/4
First Reading Judicial Proceedings
2/9
Hearing 3/9 at 1:00 p.m.
3/21

Favorable with Amendments Report by Judicial Proceedings
3/22
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (47-0)
4/5
Senate Concur - House Amendments
Third Reading Passed (47-0)
Passed Enrolled
House Action
3/22
First Reading Economic Matters
4/7
Favorable with Amendments Report by Economic Matters
4/3
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/4
Third Reading Passed with Amendments (133-5)
Action after passage in Senate and House
5/19
Approved by the Governor
- Chapter 500

Sponsored by:

Senator Jamie Raskin, District 20
Senator Jennie M. Forehand, District 17
Senator Nancy Jacobs, District 34
Senator Delores G. Kelley, District 10

Bill indexed under the following Subjects:

Corporations -see also- Municipal Corps; Public Corps & Inst
Disclosure
Electronic Commerce -see also- Electronic Funds Transfer
Limited Liability Companies
Names
Reports

Bill affects the following Statutes:

Corporations and Associations
( 1-502 , 1-502 , 4A-1101 , 4A-1101 , 4A-1102 , 4A-1102 , 4A-1103 , 4A-1103 , 4A-1104 , 4A-1105 , 4A-1106 , 4A-1107 , 4A-1108 , 5-6C-03 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 388870/02     Offered on: March 22, 2011   at: 11:26 a.m.     Status: Adopted
House
Number: 463398/01     Offered on: April 7, 2011   at: 11:57 a.m.     Status: Adopted
Committee Votes :
Senate
Judicial Proceedings
House
Economic Matters
Roll Call Votes (Legislative dates are shown):
Senate
March 24, 2011: Third Reading Passed (47-0)
April 5, 2011: Third Reading Passed (47-0)
House
April 4, 2011: Third Reading Passed (133-5)
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