Revises provisions relating to business entities. (BDR 7-306)
Summary
AN ACT relating to business entities; revising provisions governing the resignation of registered agents; revising provisions governing the records kept by a corporation and made available for inspection to certain persons; revising provisions concerning certain distributions to stockholders; revising provisions governing meetings of stockholders of corporations; authorizing the removal of a director of a corporation under certain circumstances; revising provisions relating to the appointment of a receiver for a private corporation; establishing the appointment of a receiver for a limited-liability company; revising the definition of “sales representative” for purposes relating to securities; revising provisions relating to limitations on the right of a stockholder to dissent; and providing other matters properly relating thereto.
Bill status
signed
all 5 stages cleared
Introduction
Mar 2019
Committee Review
May 2019
Senate Passage
May 2019
Assembly Passage
May 2019
Signed into Law
Jun 2019
Introduced Mar 22, 2019
Signed Jun 5, 2019
Floor votes · Senate May 29, 2019 · Assembly May 31, 2019
How they voted
20–0
Passed · 1 other
Total votes 21
May 29, 2019
D
Democratic13
92% Yea
R
Republican8
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
12
Key actions
8
Committee
6
Jun 5, 2019
Signed into law
Approved by the Governor. Chapter 396.
executive
May 31, 2019
Assembly · Passed
Assembly Vote: pass (40-1)
assembly
May 31, 2019
Lower · Passed
From committee: Do pass.
Declared an emergency measure under the Constitution.
Read third time. Passed. Title approved. (Yeas: 40, Nays: 1, Vacant: 1.) To Senate.
In Senate. To enrollment.
lower
May 30, 2019
Committee
In Assembly.
Read first time. Referred to Committee on Judiciary. To committee.
lower
May 29, 2019
Senate · Passed
Senate Vote: pass (20-0-1)
senate
May 29, 2019
Upper · Passed
From committee: Do pass as amended.
Placed on General File.
Read third time. Passed, as amended. Title approved. (Yeas: 20, Nays: None, Excused: 1.) To Assembly.
upper
Apr 19, 2019
Upper · Passed
From printer. To engrossment. Engrossed. First reprint. To committee.
Exemption effective.
upper
Apr 18, 2019
Upper · Passed
From committee: Amend, and do pass as amended.
Placed on Second Reading File.
Read second time. Amended. (Amend. No. 252.)
Re-referred to Committee on Finance. To printer.
upper
Mar 25, 2019
Upper · Passed
From printer. To committee.
upper
0 primary · 0 co-sponsors
Sponsors
No sponsor information available.
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