MD SB148 | 2016 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 26 2016 - 100% progression
Action: 2016-04-26 - Approved by the Governor - Chapter 170
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 26 2016 - 100% progression
Action: 2016-04-26 - Approved by the Governor - Chapter 170
Text: Latest bill text (Chaptered) [PDF]
Summary
Clarifying the duties of a director of a corporation and that the director must act in good faith, in a manner the director reasonably believes to be in the best interests of the corporation, and with the care that an ordinarily prudent person in a similar position would use under similar circumstances; clarifying that a director who acts in accordance with the standard of conduct provided by a specified provision of law shall have specified immunity from liability; etc.
Title
Corporations and Real Estate Investment Trusts - Directors and Trustees - Duties and Immunity From Liability
Sponsors
Roll Calls
2016-04-04 - House - House Floor - Third Reading Passed (134-0) (Y: 134 N: 0 NV: 3 Abs: 4) [PASS]
2016-03-10 - Senate - Senate Floor - Third Reading Passed (46-0) (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2016-03-10 - Senate - Senate Floor - Third Reading Passed (46-0) (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2016-04-26 | Senate | Approved by the Governor - Chapter 170 |
| 2016-04-11 | Senate | Returned Passed |
| 2016-04-09 | House | Third Reading Passed (134-0) |
| 2016-04-08 | House | Second Reading Passed |
| 2016-04-08 | House | Favorable Report Adopted |
| 2016-04-08 | House | Favorable Report by Economic Matters |
| 2016-03-11 | House | First Reading Economic Matters |
| 2016-03-10 | Senate | Third Reading Passed (46-0) |
| 2016-03-08 | Senate | Second Reading Passed with Amendments |
| 2016-03-08 | Senate | Favorable with Amendments {728472/1 Report Adopted |
| 2016-03-07 | Senate | Favorable with Amendments Report by Judicial Proceedings |
| 2016-01-27 | Senate | Hearing 1/27 at 1:00 p.m. |
| 2016-01-15 | Senate | First Reading Judicial Proceedings |
Subjects
Corporations
Corporations and Associations
Liability
Real Estate Investment Trusts
Securities
Work, Labor and Employment
Corporations and Associations
Liability
Real Estate Investment Trusts
Securities
Work, Labor and Employment
