# Maryland SB 0631: Corporations and Associations - Revisions Maryland SB 0631, Corporations and Associations - Revisions, is a 2026 Regular Session Senate bill sponsored by Chris West (Republican); status signed, last action 2026-04-28 (Approved by the Governor - Chapter 314) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MD-SB0631-2026RS - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maryland SB 0631 - State: Maryland - Session: 2026 Regular Session - Title: Corporations and Associations - Revisions - Status: signed - Chamber: Senate - Introduced: 2026-02-05 - Last action: 2026-04-28, Approved by the Governor - Chapter 314 - Sponsor: Chris West (Republican) - Cosponsors: 1 - Subjects: Corporations and Associations, Assessments and Taxation, Department of, Associations -see also- Cooperative Associations, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Corporations -see also- Municipal Corps; Public Corps & Inst, Electronic Documents, Electronic Government, Notices, Partnerships, Penalties and Sentences -see also- Death Penalty, Postal Service - Touches household money: no - Roll calls: 2 (170 yes, 0 no in all) - Economic provisions PRIA read: 6 ## Summary No summary available. ## Bill overview: provisions PRIA read - Investment company boards can skip meetings: benefit, low. Beginning October 1, 2026, corporate boards can act without meetings when every voting director gives written or electronic consent. Those consents must be kept with meeting minutes; corporate charters can also give directors unequal voting power. For registered open-end investment companies, major… - Businesses gain a filing correction window: mixed, low. Beginning October 1, 2026, Maryland’s Department of Assessments and Taxation must explain why it rejects a charter document. A corrected document keeps the original filing date if refiled and accepted within 30 days after the rejection notice is mailed. The Department can reject documents that do n… - General partners control agreement amendment rules: mixed, low. Beginning October 1, 2026, a Maryland general partnership’s agreement governs partner relations, duties, and how the agreement can change. Maryland partnership law supplies rules when the agreement does not address an issue. The agreement cannot unreasonably remove protections for loyalty, care, go… - Limited partners face binding agreement rules: mixed, low. Beginning October 1, 2026, Maryland limited partnerships can enforce their agreements and are bound even without separately agreeing to them. Anyone becoming a partner is treated as agreeing; intended first partners can make an agreement effective when the partnership forms. Agreements can create p… - New penalties and court access for businesses: mixed, low. Beginning October 1, 2026, officers and agents of out-of-state corporations no longer face this registration misdemeanor or fines up to $1,000. The corporation instead faces a $200 penalty for doing business in Maryland without qualifying or registering. That penalty can be reduced or waived under… - Bankruptcy actions can bypass stockholder votes: mixed, low. Beginning October 1, 2026, boards can carry out final federal bankruptcy orders binding on stockholders without another stockholder vote. Actions can include changing the charter or bylaws, transferring assets, or dissolving the corporation. A court-appointed trustee or receiver can act without boa… ## Sponsors and cosponsors - Sponsor: Chris West (Republican), Senate - Cosponsor: Jeff Waldstreicher (Democratic), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2026-04-08 | House | Third Reading Passed | pass | 128 | 0 | 7 | | 2026-03-20 | Senate | Third Reading Passed | pass | 42 | 0 | 1 | ## Actions (14) - 2026-04-28: Approved by the Governor - Chapter 314 - 2026-04-09: Returned Passed (Senate) - 2026-04-08: Third Reading Passed (128-0) (House) - 2026-04-08: Favorable Adopted Second Reading Passed (House) - 2026-04-08: Favorable Report by Economic Matters (House) - 2026-03-21: Referred Economic Matters (House) - 2026-03-20: Third Reading Passed (42-0) (Senate) - 2026-03-19: Second Reading Passed (Senate) - 2026-03-19: Favorable Adopted (Senate) - 2026-03-18: Motion Special Order until 3/19 (Senator Smith) Adopted (Senate) - 2026-03-18: Favorable (Senate) - 2026-03-18: Favorable Report by Judicial Proceedings (Senate) - 2026-02-05: Hearing 2/17 at 1:00 p.m. (Senate) - 2026-02-05: First Reading Judicial Proceedings (Senate) ## Bill text - Enacted, 2026-04-28: [PDF](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_314_sb0631t.pdf) - Third Reading, 2026-03-19: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0631t.pdf) - First Reading, 2026-02-05: [PDF](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0631f.pdf) ## Related bills - SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law) - SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law) - SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law) - SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law) - SB 0016: Child Support - Earnings Withholdings Limits (became law) - HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law) ## Sources - [Enacted (PDF)](https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_314_sb0631t.pdf) - [Third Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0631t.pdf) - [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/sb/sb0631f.pdf) ## Related - [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS) - [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS) - [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS) - [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS) - [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS) - [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS) - [Maryland bills](https://policyrisk.com/states/maryland/bills) - [Maryland state hub](https://policyrisk.com/states/maryland) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MD-SB0631-2026RS (as of 2026-10-19).