MD SB978 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 10 2014 - 25% progression, died in committee
Action: 2014-02-26 - Rereferred to Judicial Proceedings
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 10 2014 - 25% progression, died in committee
Action: 2014-02-26 - Rereferred to Judicial Proceedings
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the purpose of a Maryland benefit corporation; clarifying that a director of a benefit corporation is required to perform the director's duties in accordance with a specified standard; authorizing a director to consider the effects of a specified action or decision; providing that a director may not be required to give priority to a specified interest or factor over any other interest or factor; etc.
Title
Maryland Benefit Corporations - Purposes, Duties of Directors, and Liability
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2014-02-26 | Senate | Rereferred to Judicial Proceedings |
| 2014-02-10 | Senate | First Reading Senate Rules |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0978?ys=2014rs |
| Text | https://mgaleg.maryland.gov/2014RS/bills/sb/sb0978f.pdf |
