Mergers And Acquisitions
Maryland 2025 Regular Session
Real Property - Insufficient Condominium Reserve Account Grant Fund - Establishment [HB-1040]
Requiring regulated financial institutions to develop a community benefit plan in connection with applications to the Commissioner of Financial Regulation relating to financial services for purposes of providing safe and sound loans, and other financial products for low-and moderate-income individuals and communities and other distressed or underserved individuals and communities; requiring the Commissioner to exercise certain oversight authority relating to the adequacy of the community benefit plans and attainment of goals; etc.
Sponsored by: Rep. Samuel Rosenberg
Withdrawn By Sponsor on 02/10/2025
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Gettr Maryland 2025 Regular Session
Corporations and Associations - Limited Worker Cooperative Associations - Authorization (Maryland Limited Worker Cooperative Association Act) [SB-144]
Authorizing the formation of limited worker cooperative associations; defining "limited worker cooperative association" as a Maryland limited liability company that elects to be a limited worker cooperative association in accordance with the provisions of the Act; and establishing rules and procedures for the formation, governance, conversion, and dissolution of limited worker cooperative associations.
Sponsored by: Sen. Mary Washington
Referred Economic Matters on 02/14/2025
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Maryland 2025 Regular Session
Corporations and Associations - Limited Worker Cooperative Associations - Authorization (Maryland Limited Worker Cooperative Association Act) [HB-15]
Authorizing the formation of limited worker cooperative associations; and establishing rules and procedures for the formation, governance, conversion, and dissolution of limited worker cooperative associations.
Sponsored by: Rep. Lorig Charkoudian
Third Reading Passed (102-35) on 03/17/2025
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Maryland 2024 Regular Session
Financial Institutions - Community Benefit Plan Act of 2024 [HB-1135]
Requiring certain regulated financial institutions to develop a community benefit plan in connection with certain applications to the Commissioner of Financial Regulation relating to financial services; requiring the Commissioner to exercise certain oversight authority relating to the adequacy of the community benefit plans and attainment of goals under the plans; establishing the Community Reinvestment Fund as a special, nonlapsing fund to finance certain community development activities; etc.
Sponsored by: Rep. Melissa Wells
Withdrawn By Sponsor on 03/04/2024
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Maryland 2024 Regular Session
Corporations and Associations - Protestant Episcopal Church, Diocese of Washington [HB-391]
Repealing uncodified provisions of law relating to the Protestant Episcopal Church, Diocese of Washington, commonly known as the "Vestry Act"; and providing for the governance of religious corporations in union with the Protestant Episcopal Church, Diocese of Washington.
Sponsored by: Rep. Edith Patterson
Referred Judicial Proceedings on 02/26/2024
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Maryland 2024 Regular Session
Corporations and Associations - Limited Worker Cooperative Associations - Authorization (Maryland Limited Cooperative Association Act) [SB-85]
Authorizing the formation of limited worker cooperative associations; and establishing rules and procedures for the formation, governance, conversion, and dissolution of limited worker cooperative associations.
Sponsored by: Sen. Mary Washington
Hearing 3/28 At 1:00 P.m. on 03/20/2024
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Maryland 2023 Regular Session
Financial Institutions - Maryland Community Reinvestment Act [HB-392]
Requiring the Commissioner of Financial Regulation to examine and prepare a written evaluation of the record of certain regulated financial institutions in meeting the financial needs of local communities where the institution is chartered; requiring the Commissioner to give a certain regulated financial institution a certain rating based on a certain examination and to prepare a written evaluation; requiring a certain regulated financial institution to prepare a certain improvement plan under certain circumstances; etc.
Sponsored by: Rep. Melissa Wells
Withdrawn By Sponsor on 02/28/2023
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Maryland 2023 Regular Session
Corporations and Associations - Revisions [HB-209]
Altering certain provisions governing the issuance of stock, convertible securities, and scrip; clarifying the authority of corporations to hold annual meetings by remote communication; clarifying the application of certain provisions of law to the conversion of a corporation; requiring a real estate investment trust that voluntarily dissolves to file a notice of termination with the State Department of Assessments and Taxation; etc.
Sponsored by: Rep. Courtney Watson
Approved By The Governor - Chapter 560 on 05/08/2023
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Maryland 2023 Regular Session
Corporations and Associations - Revisions [SB-58]
Altering certain provisions governing the issuance of stock, convertible securities, and scrip; clarifying the authority of corporations to hold annual meetings by remote communication; clarifying the application of certain provisions of law to the conversion of a corporation; requiring a real estate investment trust that voluntarily dissolves to file a notice of termination with the State Department of Assessments and Taxation; etc.
Sponsored by: Sen. Jeff Waldstreicher
Referred Economic Matters on 02/23/2023
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Maryland 2022 Regular Session
Corporations and Associations – Revisions [HB-999]
Revising and clarifying laws relating to the formation, organization, and operation of corporations; repealing certain redundant and obsolete provisions; correcting certain references; authorizing a certain dissent to be submitted by electronic transmission; adding limited liability companies to the list of entity types that certain persons may serve in certain capacities and be eligible for insurance provided by certain other corporations; etc.
Sponsored by: Sen. Benjamin Brooks
Approved By The Governor - Chapter 292 on 05/12/2022
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Maryland 2022 Regular Session
Corporations and Associations - Revisions [SB-431]
Revising and clarifying laws relating to the formation, organization, and operation of corporations; repealing certain redundant and obsolete provisions; correcting certain references; authorizing a certain dissent to be submitted by electronic transmission; adding limited liability companies to the list of entity types that certain persons may serve in certain capacities and be eligible for insurance provided by certain other corporations; etc.
Sponsored by: Sen. Jeff Waldstreicher
Approved By The Governor - Chapter 293 on 05/12/2022
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Maryland 2022 Regular Session
Real Estate Investment Trust Modernization Act [SB-258]
Requiring a real estate investment trust to establish its name in a certain manner and have an office in this State and a resident agent; providing for the formation, organization, registration, operation, and termination of foreign real estate investment trusts; requiring the State Department of Assessments and Taxation to register a foreign real estate investment trust in a certain manner; authorizing, under certain circumstances, a foreign real estate investment trust to do business in this State; etc.
Sponsored by: Sen. Brian Feldman
Withdrawn By Sponsor on 02/08/2022
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Maryland 2021 Regular Session
Consolidation of the Procurement Improvement Council and the Council for the Procurement of Health, Educational, and Social Services [HB-871]
Merging the Procurement Improvement Council and the Council for the Procurement of Health, Educational, and Social Services; requiring, by December 31, 2022, the Procurement Improvement Council to make recommendations to certain committees of the General Assembly on strategies and enforcement mechanisms to improve compliance by entities required to publish notices of procurements and awards of procurement on eMaryland Marketplace; declaring the intent of the General Assembly; etc.
Sponsored by: Sen. Nick Charles
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 652 on 05/30/2021
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Maryland 2021 Regular Session
Consolidation of the Procurement Improvement Council and the Council for the Procurement of Health, Educational, and Social Services [SB-564]
Merging the Procurement Improvement Council and the Council for the Procurement of Health, Educational, and Social Services; altering the duties and membership of the Procurement Improvement Council; requiring, by December 31, 2022, the Procurement Improvement Council to make recommendations to certain committees of the General Assembly on strategies and enforcement mechanisms to improve compliance by entities required to publish certain notices; declaring the intent of the General Assembly; etc.
Sponsored by: Sen. Melony Griffith
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 653 on 05/30/2021
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Maryland 2018 Regular Session
Corporations - Maryland General Corporation Law - Miscellaneous Provisions [SB-865]
Clarifying the term of a certain director of a corporation elected to fill a vacancy; altering the authority of and circumstances in which certain holders of stock may take certain action or consent to a certain action by delivering a consent in writing or by electronic transmission; clarifying the time by which a parent corporation is required to provide a certain notice in a certain merger; altering a certain notice requirement for a certain parent corporation in a certain merger; etc.
Sponsored by: Sen. Brian Feldman
Unfavorable Report By Economic Matters on 04/09/2018
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Maryland 2018 Regular Session
Public Utilities – Water and Sewage Disposal Companies – Acquisition [SB-854]
Establishing a certain process for valuing a water company or a sewage disposal company that is the subject of a certain acquisition; prohibiting a person from acquiring a controlling interest in certain water services or sewage disposal providers without prior approval of the Public Service Commission; providing the Commission may authorize a certain acquisition if the Commission finds that it is consistent with the public convenience and necessity; establishing a process to determine the fair market value of the selling utility; etc.
Sponsored by: Sen. Katherine Klausmeier
Approved By The Governor - Chapter 220 on 04/24/2018
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Maryland 2018 Regular Session
Nonstock Corporations – Consolidations, Mergers, and Conversions [SB-41]
Specifying that certain authority of a nonstock corporation to convert applies only to a Maryland nonstock corporation; authorizing a foreign nonstock corporation to convert into a Maryland nonstock corporation; and prohibiting a foreign nonstock corporation from converting into a Maryland corporation that has the authority to issue stock.
Sponsored by: Sen.
Approved By The Governor - Chapter 100 on 04/10/2018
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Maryland 2018 Regular Session
Public Utilities - Water and Sewage Disposal Companies - Acquisition [HB-1566]
Establishing a certain process for valuing a water company or a sewage disposal company that is the subject of a certain acquisition; prohibiting a person from acquiring a controlling interest in certain water services or sewage disposal providers without prior approval of the Public Service Commission; providing the Commission may authorize a certain acquisition if the Commission finds that it is consistent with the public convenience and necessity; establishing a process to determine the fair market value of the selling utility; etc.
Sponsored by: Rep. Sally Jameson
Approved By The Governor - Chapter 219 on 04/24/2018
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Maryland 2019 Regular Session
Corporations - Maryland General Corporation Law - Miscellaneous Provisions [SB-137]
Clarifying voting procedures in certain cumulative voting elections; clarifying the term of a certain director of a corporation elected to fill a vacancy; altering the authority of certain holders of stock to take or consent to certain action; altering the circumstances in which certain holders of stock may take certain action or consent to a certain action by delivering a consent in writing or by electronic transmission; clarifying the time by which a parent corporation is required to provide a certain notice in a certain merger; etc.
Sponsored by: Sen. Jeff Waldstreicher
Approved By The Governor - Chapter 289 on 04/30/2019
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Maryland 2019 Regular Session
Investor-Owned Electric Companies - Acquisition of Substantial Influence - Prohibition [HB-1105]
Prohibiting acquisition of substantial influence over an investor-owned electric company if a person would become an affiliate of each investor-owned electric company in the State as a result of the acquisition.
Sponsored by: Rep. Seth Howard
Enacted Under Article Ii, Section 17(c) Of The Maryland Constitution - Chapter 721 on 05/25/2019