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MA H2780

MA H2780
Making amendments to the Massachusetts Business Corporation Act


summary

Introduced
01/22/2019
In Committee
12/02/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation to further regulate business corporations. State Administration and Regulatory Oversight.

AI Summary

This bill makes several amendments to the Massachusetts Business Corporation Act, including: - Clarifying the timeline for filing articles of correction and the notice required for returning documents to the corporation. - Updating definitions in the law, such as "Authorized shares," "Distribution," "Nonfiling entity," "Principal office," "Secretary," and "Public corporation." - Modifying provisions related to the contents of articles of organization, shareholder consent, derivative proceedings, and the requirements for public corporations. - Revising procedures for mergers, share exchanges, domestications, conversions, and dissolutions. - Expanding appraisal rights for shareholders in certain corporate actions. - Updating requirements for registered offices, registered agents, and reporting for foreign corporations. - Making various other technical and clarifying changes throughout the law.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Committee reported that the matter be placed in the Orders of the Day for the next sitting for a second reading (on 01/13/2020)

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