summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H1063 |
| Bill | https://malegislature.gov/Bills/191/H1063.pdf |
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