Bill > SB631

This bill makes several changes to Maryland's corporate and association laws, including requiring the State Department of Assessments and Taxation (SDAT) to notify filers if their charter documents are rejected and to accept corrected documents filed within 30 days as if they were filed on the original date, and it allows governing bodies of certain investment companies to take action without a meeting if a majority of directors consent in writing or electronically, provided certain conditions are met, including notification to all directors. Additionally, the bill clarifies that foreign corporations that have not complied with state registration requirements can still sue in Maryland courts if they pay a penalty and either comply with registration or cease doing business in the state, and it repeals the authority for certain individuals to maintain such suits, while also making technical corrections and updates to provisions regarding partnership agreements and the enforcement of those agreements.

Justice

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0631?ys=2026RS