MD SB1056 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 18 2016 - 25% progression, died in committee
Action: 2016-03-17 - Hearing 3/17 at 1:00 p.m.
Pending: Senate Judicial Proceedings Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Establishing a process for the formation of a specified holding company through the merger of a Maryland parent corporation with or into a specified wholly owned subsidiary of the Maryland parent corporation; providing that a vote of the stockholders of the parent corporation is not necessary to authorize the merger except under specified circumstances; requiring that the merger be approved by a majority of the entire board of directors of the parent corporation; etc.

Tracking Information

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Title

Corporations - Formation of a Holding Company by Merger

Sponsors


History

DateChamberAction
2016-03-17SenateHearing 3/17 at 1:00 p.m.
2016-02-25SenateRereferred to Judicial Proceedings
2016-02-18SenateFirst Reading Senate Rules

Subjects


Maryland State Sources


Bill Comments

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