MA S222

Bill

MA S222

Making amendments to the Massachusetts Business Corporation Act

Introduced
04/15/2015

In Committee
04/15/2015

Crossed Over

Passed

Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to make amendments to the Massachusetts Business Corporation Act. Economic Development and Emerging Technologies.

AI Summary

This bill makes numerous amendments to the Massachusetts Business Corporation Act, chapter 156D, primarily to clarify and update language, streamline processes, and address various corporate governance aspects. Key changes include refining the process for filing articles of correction, updating the definition of "authorized shares" to include "series," modifying the definition of "distribution" to clarify its application, and redefining "public corporation" to align with federal securities regulations. The bill also adjusts rules regarding director liability, the role of the secretary versus clerk, the requirements for corporate names, the maintenance of registered offices and agents, and the procedures for mergers, share exchanges, and other entity conversions. Additionally, it revises provisions related to shareholder rights, including preemptive rights and appraisal rights, and updates the requirements for delivering financial statements to shareholders.

Committee Categories

Business and Industry

Sponsors (1)

Thomas McGee (D)*,

Last Action

Accompanied a study order, see S2215 (on 04/07/2016)

Official Document

https://malegislature.gov/Bills/189/Senate/S222

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/Senate/S222
State Bill Page	https://malegislature.gov/Bills/189/S222
Bill	https://malegislature.gov/Bills/189/S222.pdf

Bill	Bill Name	Last Action	Type
H3404	To strengthen the Massachusetts Home Care Program	Accompanied a study order, see H4620	Similar To
H3437	Relative to notary publics	Accompanied a study order, see H4706	Similar To
H3633	Authorizing the town of Canton to grant additional licenses for the sale of alcoholic beverages to be drunk on the premises	Accompanied a new draft, see H3718	Similar To
H3640	Providing for recall elections in the town of Bolton	Amended by substitution of a bill with the same title, see H4602	Similar To
H3895	Increasing access to immunizations	Signed by the Governor, Chapter 234 of the Acts of 2016	Similar To
H4300	Authorizing the Plymouth County Contributory Retirement System to issue pension funding bonds or notes	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
S2215	Senate documents numbered 209, 210, 211, 214, 215, 216, 217, 218, 220, 222, 223, 224, 225, 226, 227, 228, 229, 230, 231, 235, 237, 239, 240, 241, and 242	Reported in part by S224	Replaced by

Bill > S222

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary