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2009 SESSION
SB 903 Corporate directors and officers; indemnification thereof.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Indemnification of corporate directors and officers. Affirms that a director or officer of a stock or nonstock corporation, for purposes of prescribing the corporation's authority to indemnify an individual made a party to a proceeding, includes an individual who is or was a director or officer of a corporation or who, while a director or officer of the corporation, is or was serving at the corporation's request as a director, officer, manager, partner, trustee, employee, or agent of another foreign or domestic entity. The provision is made effective retroactive to the effective date of amendments that implied that indemnification was available only for directors or officers who were serving at the corporation's request as a director, officer, manager, partner, trustee, employee, or agent of another entity.
FULL TEXT
- 01/05/09 Senate: Prefiled and ordered printed with emergency clause; offered 01/14/09 090028332 pdf | impact statement
- 02/28/09 Senate: Bill text as passed Senate and House (SB903ER) pdf | impact statement
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0587) pdf
HISTORY
- 01/05/09 Senate: Prefiled and ordered printed with emergency clause; offered 01/14/09 090028332
- 01/05/09 Senate: Referred to Committee on Commerce and Labor
- 01/19/09 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 01/21/09 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/22/09 Senate: Read second time and engrossed
- 01/23/09 Senate: Read third time and passed Senate (40-Y 0-N)
- 01/27/09 House: Placed on Calendar
- 01/27/09 House: Read first time
- 01/27/09 House: Referred to Committee on Commerce and Labor
- 02/17/09 House: Reported from Commerce and Labor (20-Y 0-N)
- 02/19/09 House: Read second time
- 02/20/09 House: Passed by for the day
- 02/23/09 House: Passed by for the day
- 02/24/09 House: Read third time
- 02/24/09 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/24/09 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 02/28/09 Senate: Enrolled
- 02/28/09 Senate: Bill text as passed Senate and House (SB903ER)
- 02/28/09 Senate: Signed by President
- 02/28/09 House: Signed by Speaker
- 03/27/09 Governor: Approved by Governor-Chapter 587 (effective -see bill)
- 03/27/09 Governor: Acts of Assembly Chapter text (CHAP0587)