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Bill > H1063


MA H1063

MA H1063
Relative to corporate disclosure


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to corporate disclosures. Financial Services.

AI Summary

This bill amends Massachusetts law to expand the rights of corporate shareholders to inspect and copy certain records of the corporation, including meeting minutes, accounting records, and the shareholder list. It sets out the conditions under which shareholders can exercise this right, such as providing advance written notice and demonstrating a proper purpose. The bill also prohibits shareholders from selling or distributing information obtained through these inspections, with a civil penalty for violations. The bill aims to increase corporate transparency and accountability to shareholders.

Committee Categories

Business and Industry

Sponsors (4)

Last Action

Accompanied a study order, see H5160 (on 12/01/2020)

bill text


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