MD HB996 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 289
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 289
Text: Latest bill text (Chaptered) [PDF]
Summary
Establishing a process by which a defective corporate act may be ratified by a board of directors of a corporation; requiring a corporation ratifying a defective corporate act that would have required a filing with the State Department of Assessments and Taxation to file articles of validation with the Department; authorizing an adversely affected person or entity to file an action contesting a ratification under the Act; and applying the Act to real estate investment trusts.
Title
Corporations and Associations - Ratification of Defective Corporate Acts
Sponsors
Roll Calls
2022-04-06 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2022-03-11 - House - Third Reading Passed (Y: 134 N: 0 NV: 2 Abs: 5) [PASS]
2022-03-11 - House - Third Reading Passed (Y: 134 N: 0 NV: 2 Abs: 5) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-05-12 | House | Approved by the Governor - Chapter 289 |
| 2022-04-07 | House | Returned Passed |
| 2022-04-06 | Senate | Third Reading Passed (46-0) |
| 2022-04-05 | Senate | Second Reading Passed |
| 2022-04-05 | Senate | Favorable Adopted |
| 2022-04-05 | Senate | Favorable Report by Judicial Proceedings |
| 2022-03-14 | Senate | Referred Judicial Proceedings |
| 2022-03-11 | House | Third Reading Passed (134-0) |
| 2022-03-09 | House | Second Reading Passed with Amendments |
| 2022-03-09 | House | Favorable with Amendments {483327/1 Adopted |
| 2022-03-08 | House | Favorable with Amendments Report by Economic Matters |
| 2022-02-11 | House | Hearing 2/23 at 1:00 p.m. |
| 2022-02-10 | House | First Reading Economic Matters |
Same As/Similar To
SB879 (Crossfiled) 2022-05-12 - Approved by the Governor - Chapter 290
Subjects
Assessments and Taxation, Department of
Charters
Committees and Commissions
Corporations
Corporations and Associations
Notices
Time
Voting
Charters
Committees and Commissions
Corporations
Corporations and Associations
Notices
Time
Voting
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Corporations and Associations | 1 | 101 | (n/a) | See Bill Text |
| Corporations and Associations | 1 | 203 | (n/a) | See Bill Text |
| Corporations and Associations | 1 | 301 | (n/a) | See Bill Text |
| Corporations and Associations | 2 | 701 | (n/a) | See Bill Text |
| Corporations and Associations | 2 | 702 | (n/a) | See Bill Text |
| Corporations and Associations | 2 | 703 | (n/a) | See Bill Text |
| Corporations and Associations | 2 | 704 | (n/a) | See Bill Text |
| Corporations and Associations | 2 | 705 | (n/a) | See Bill Text |
| Corporations and Associations | 2 | 706 | (n/a) | See Bill Text |
| Corporations and Associations | 2 | 707 | (n/a) | See Bill Text |
| Corporations and Associations | 8 | 601.1 | (n/a) | See Bill Text |
