2025 Regular SessionMaryland Legislature

HB1171: Corporations and Associations – Revisions

Legislative Summary

Establishing a process for and certain exceptions to the transfer of assets that are collateral for securing a mortgage, pledge, or security interest without the approval of the stockholders; and repealing provisions of law specifying what shall be included in the articles of merger if a limited partnership or limited liability company is a party to the articles.

Demographic Impact

Overall analysis of equity impact

60% Positive
Low Confidence

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Bill History

2/6/2025
First Reading Economic Matters
House of Delegates
2/6/2025
Hearing 2/25 at 1:00 p.m.
House of Delegates
3/10/2025
Favorable with Amendments Report by Economic Matters
House of Delegates
3/11/2025
Favorable with Amendments {693325/1 Adopted
House of Delegates
3/11/2025
Second Reading Passed with Amendments
House of Delegates
3/11/2025
Third Reading Passed (139-0)
House of Delegates
3/12/2025
Referred Judicial Proceedings
Senate
3/26/2025
Favorable Report by Judicial Proceedings
Senate
3/26/2025
Favorable Adopted
Senate
3/26/2025
Second Reading Passed
Senate
4/2/2025
Third Reading Passed (46-0)
Senate
4/2/2025
Returned Passed
House of Delegates
4/22/2025
Approved by the Governor - Chapter 111
House of Delegates

Amendments

Favorable with Amendments 693325/1 Adopted

Favorable with Amendments 693325/1 Adopted

3/11/2025Adopted

Roll Call Votes

Third Reading Passed
3/11/2025
139
Yea
0
Nay
0
Not Voting
2
Absent
Result: PASSED

Status Information

Current Status
Passed(4/22/2025)
Chamber
House of Delegates

Sponsors

Democrat: 1

Primary Sponsor

Marlon Amprey
Marlon Amprey
Democrat

Documents

Chaptered
Bill Text4/24/2025112.6 KB
Engrossed
Bill Text3/11/2025126.1 KB
Introduced
Bill Text2/6/2025107.5 KB
Vote Image
Vote Image1/1/197038.9 KB
Vote Image
Vote Image1/1/197056.3 KB