MD SB261 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 295
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 295
Text: Latest bill text (Chaptered) [PDF]
Summary
Authorizing the operating agreement of a limited liability company to provide for the transfer or assignment of an interest in the company to a certain person on the occurrence of certain events regardless of whether the person is a member; authorizing a member of a limited liability company to retain the member's noneconomic interest in the company on assignment of all of the member's economic interest in the company under certain circumstances; etc.
Title
Corporations and Associations - Limited Liability Companies and Partnerships - Operating Agreements and Partnership Agreements
Sponsors
| Sen. Chris West [R] |
Roll Calls
2022-04-11 - House - Third Reading Passed (Y: 128 N: 0 NV: 7 Abs: 6) [PASS]
2022-02-18 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
2022-02-18 - Senate - Third Reading Passed (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-05-12 | Senate | Approved by the Governor - Chapter 295 |
| 2022-04-11 | Senate | Returned Passed |
| 2022-04-11 | House | Third Reading Passed (128-0) |
| 2022-04-11 | House | Favorable Adopted Second Reading Passed |
| 2022-04-11 | House | Favorable Report by Economic Matters |
| 2022-02-22 | House | Referred Economic Matters |
| 2022-02-18 | Senate | Third Reading Passed (47-0) |
| 2022-02-16 | Senate | Second Reading Passed with Amendments |
| 2022-02-16 | Senate | Favorable with Amendments {823022/1 Adopted |
| 2022-02-14 | Senate | Favorable with Amendments Report by Judicial Proceedings |
| 2022-01-18 | Senate | Hearing 2/02 at 2:00 p.m. |
| 2022-01-14 | Senate | First Reading Judicial Proceedings |
Same As/Similar To
HB342 (Crossfiled) 2022-05-12 - Approved by the Governor - Chapter 294
Subjects
Commerce and Business
Corporations
Corporations and Associations
Death
Estates and Trusts
Liability
Partnerships
Transfer of Goods
Corporations
Corporations and Associations
Death
Estates and Trusts
Liability
Partnerships
Transfer of Goods
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Corporations and Associations | 10 | 402 | (n/a) | See Bill Text |
| Corporations and Associations | 10 | 702 | (n/a) | See Bill Text |
| Corporations and Associations | 4A | 101 | (n/a) | See Bill Text |
| Corporations and Associations | 4A | 203 | (n/a) | See Bill Text |
| Corporations and Associations | 4A | 402 | (n/a) | See Bill Text |
| Corporations and Associations | 4A | 603 | (n/a) | See Bill Text |
| Corporations and Associations | 4A | 606 | (n/a) | See Bill Text |
| Corporations and Associations | 9A | 503 | (n/a) | See Bill Text |
| Corporations and Associations | 9A | 601 | (n/a) | See Bill Text |
| Estates and Trusts | 1 | 401 | (n/a) | See Bill Text |
