Introduced
by
To revise the definition of “willfully unfair and oppressive conduct” by corporations in actions brought by a shareholder against the board of directors. The bill would establish that willfully unfair and oppressive conduct may include the termination of employment or limitations on employment benefits that disproportionately interfere with distributions to or other interests of a particular shareholder.
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 106 to 0 (details)
Referred to the Committee on Economic Development, Small Business, and Regulatory Reform
Reported without amendment
With the recommendation that the bill pass.
Passed in the Senate 34 to 0 (details)
To revise the definition of “willfully unfair and oppressive conduct” by corporations in actions brought by a shareholder against the board of directors. The bill would establish that willfully unfair and oppressive conduct may include the termination of employment or limitations on employment benefits that disproportionately interfere with distributions to or other interests of a particular shareholder.
