MD HB354 | 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 171
Text: Latest bill text (Chaptered) [PDF]

Summary

Clarifying that the director of a corporation 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 a specified provision of law shall have specified immunity from liability; etc.

Tracking Information

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Title

Corporations and Real Estate Investment Trusts - Directors and Trustees - Duties and Immunity From Liability

Sponsors


Roll Calls

2016-03-29 - Senate - Senate Floor - Third Reading Passed (45-0) (Y: 45 N: 0 NV: 0 Abs: 2) [PASS]
2016-02-16 - House - House Floor - Third Reading Passed (136-0) (Y: 136 N: 0 NV: 0 Abs: 4) [PASS]

History

DateChamberAction
2016-04-26HouseApproved by the Governor - Chapter 171
2016-04-05HouseReturned Passed
2016-04-04SenateThird Reading Passed (45-0)
2016-04-01SenateSecond Reading Passed
2016-04-01SenateFavorable Report Adopted
2016-04-04SenateFavorable Report by Judicial Proceedings
2016-02-17SenateFirst Reading Judicial Proceedings
2016-02-16HouseThird Reading Passed (136-0)
2016-02-10HouseSecond Reading Passed with Amendments
2016-02-10HouseFavorable with Amendments {793692/1 Report Adopted
2016-02-09HouseFavorable with Amendments Report by Economic Matters
2016-02-03HouseHearing 2/03 at 2:00 p.m.
2016-01-27HouseFirst Reading Economic Matters

Subjects


Maryland State Sources

TypeSource
Summaryhttps://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0354?ys=2016rs
Texthttps://mgaleg.maryland.gov/2016RS/bills/hb/hb0354f.pdf
Texthttps://mgaleg.maryland.gov/2016RS/bills/hb/hb0354t.pdf
Texthttps://mgaleg.maryland.gov/2016RS/Chapters_noln/CH_171_hb0354t.pdf
Amendmenthttps://mgaleg.maryland.gov/2016RS/amds/bil_0004/hb0354_79369201.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/fnotes/bil_0004/hb0354.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/votes_comm/hb0354_ecm.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/votes_comm/hb0354_jpr.pdf
Roll Callhttps://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=hb0354,h-0075&stab=02&ys=2016RS
Roll Callhttps://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=hb0354,s-0930&stab=02&ys=2016RS

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