2025 Regular SessionMaryland Legislature

SB992: 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

Neutral
Low Confidence

Unlock Full Demographic Insights

Go beyond the overall score.

Gain a deeper understanding of this bill's potential impact across diverse communities, including detailed breakdowns by category and subgroup. Access to this granular analysis helps ensure equitable outcomes.

Enable full analysis features for your organization.

Contact Sales to Learn More

Or email us directly at sales@legiequity.us.

Bill History

2/7/2025
First Reading Senate Rules
Senate
3/6/2025
Rereferred to Judicial Proceedings
Senate
3/6/2025
Hearing 3/11 at 1:00 p.m.
Senate
3/26/2025
Favorable with Amendments Report by Judicial Proceedings
Senate
3/26/2025
Favorable with Amendments {923422/1 Adopted
Senate
3/26/2025
Second Reading Passed with Amendments
Senate
3/27/2025
Third Reading Passed (43-0)
Senate
3/28/2025
Referred Rules and Executive Nominations
House of Delegates

Amendments

Favorable with Amendments 923422/1 Adopted

Favorable with Amendments 923422/1 Adopted

3/26/2025Adopted

Roll Call Votes

Third Reading Passed
3/27/2025
43
Yea
0
Nay
1
Not Voting
3
Absent
Result: PASSED

Status Information

Current Status
Engrossed(3/27/2025)
Chamber
House of Delegates
Committee
Rules and Executive Nominations(House of Delegates)

Sponsors

Republican: 1
Democrat: 1

Primary Sponsor

Chris West
Chris West
Republican

Documents

Engrossed
Bill Text3/26/2025124.7 KB
Introduced
Bill Text2/7/2025106.4 KB
Vote Image
Vote Image1/1/197056.3 KB