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Georgia General Assembly > Legislation
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2017-2018 Regular Session - HB 192
Banks, trust companies, and corporations; responsibilities and standard of care of directors and officers; change provisions
Sponsored By
Sponsored In Senate By
First Reader Summary
A BILL to be entitled an Act to amend Part 12 of Article 2 of Chapter 1 of Title 7 and Article 8 of Chapter 2 of Title 14 of the O.C.G.A., relating to management of bank and trust companies and directors and officers of corporations, respectively, so as to change provisions relating to the responsibilities and standard of care of directors and officers of banks, trust companies, and corporations; to clarify and expand the ability of directors and officers to rely on other individuals in the performance of their duties; to shield directors and officers from liability for monetary damages to the corporation, its shareholders, and certain other parties in the absence of gross negligence; to provide for related matters; to provide for an effective date; to repeal conflicting laws; and for other purposes.
Status History
Jul/01/2017 - Effective Date
May/09/2017 - Act 248
May/09/2017 - House Date Signed by Governor
Apr/03/2017 - House Sent to Governor
Mar/24/2017 - Senate Passed/Adopted
Mar/24/2017 - Senate Third Read
Mar/20/2017 - Senate Read Second Time
Mar/16/2017 - Senate Committee Favorably Reported
Mar/03/2017 - Senate Read and Referred
Mar/03/2017 - House Passed/Adopted By Substitute
Mar/03/2017 - House Third Readers
Mar/01/2017 - House Committee Favorably Reported By Substitute
Feb/02/2017 - House Second Readers
Feb/01/2017 - House First Readers
Jan/31/2017 - House Hopper
3/03/2017 Modified Structured Rule
Mar/24/2017 - Senate Vote #239Yea(41)Nay(10)NV(2)
Mar/03/2017 - House Vote #190Yea(128)Nay(40)NV(6)
Past Versions