2010 Regular Session


File Code: Corporations and Associations
Sponsored By:
Delegate Feldman
Corporations - Directors - Factors Considered in Best Interests of Corporation


Authorizing a director of a corporation, in considering the best interests of the corporation and its shareholders, to consider specified factors consistent with the business judgment rule, including effects that the corporation's actions may have on potential growth, development, productivity, and profitability of the corporation, the economy of the State and the nation, the corporation's employees, suppliers, customers, and creditors, community and societal considerations, and the environment; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
First Reading Economic Matters
Unfavorable Report by Economic Matters Withdrawn
Senate Action
No Action

Bill indexed under the following Subject:

Corporations -see also- Municipal Corps; Public Corps & Inst

Bill affects the following Statute:

Corporations and Associations
( 2-405.1 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Not available at this time
Amendments: None offered
Committee Votes :
Economic Matters