Action without a meeting; articles of incorporation of a public corporation. (HB1559)
Introduced By
Del. Israel O'Quinn (R-Bristol)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Stock corporations; action by shareholders without meeting. Creates an exception to the provision that authorizes shareholders of a corporation to act without a meeting by less than unanimous written consent of the shareholders. The exception states that if the articles of incorporation or bylaws of a public corporation allow the holders of 30 percent or fewer of all votes entitled to be cast to demand the calling of a special meeting of shareholders, such provision authorizing less-than-unanimous shareholder action shall not apply. A public corporation is a corporation that has shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association. The measure does not apply if a public corporation's articles of incorporation authorized action by shareholders by less than unanimous consent as of April 1, 2018. This bill is identical to SB 974. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/19/2018 | Committee |
01/19/2018 | Presented and ordered printed 18105548D |
01/19/2018 | Referred to Committee on Commerce and Labor |
01/30/2018 | Reported from Commerce and Labor with amendments (22-Y 0-N) (see vote tally) |
02/01/2018 | Read first time |
02/02/2018 | Read second time |
02/02/2018 | Committee amendments agreed to |
02/02/2018 | Engrossed by House as amended HB1559E |
02/02/2018 | Printed as engrossed 18105548D-E |
02/05/2018 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/05/2018 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/06/2018 | Constitutional reading dispensed |
02/06/2018 | Referred to Committee on Commerce and Labor |
02/14/2018 | Impact statement from SCC (HB1559E) |
02/19/2018 | Reported from Commerce and Labor (11-Y 0-N) (see vote tally) |
02/21/2018 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/22/2018 | Read third time |
02/22/2018 | Passed Senate (40-Y 0-N) (see vote tally) |
02/26/2018 | Enrolled |
02/26/2018 | Bill text as passed House and Senate (HB1559ER) |
02/26/2018 | Signed by Speaker |
02/27/2018 | Impact statement from SCC (HB1559ER) |
02/28/2018 | Signed by President |
03/02/2018 | Enrolled Bill communicated to Governor on March 2, 2018 |
03/02/2018 | G Governor's Action Deadline Midnight, March 9, 2018 |
03/09/2018 | G Approved by Governor-Chapter 267 (effective 7/1/18) |
03/09/2018 | G Acts of Assembly Chapter text (CHAP0267) |