Banks; minimum capital stock requirement. (SB517)
Introduced By
Sen. Frank Wagner (R-Virginia Beach)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Banks; minimum capital stock requirement. Provides that the directive that the State Corporation Commission not issue a certificate of authority to a bank unless it finds that individuals have subscribed for specific amounts of the bank's capital stock and surplus does not apply to the Commission's issuance of such a certificate to a bank holding company or to a resulting bank in connection with certain types of mergers involving the holding company and its subsidiary bank. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/08/2014 | Prefiled and ordered printed; offered 01/08/14 14103327D |
01/08/2014 | Referred to Committee on Commerce and Labor |
01/13/2014 | Reported from Commerce and Labor (14-Y 0-N) (see vote tally) |
01/15/2014 | Impact statement from SCC (SB517) |
01/15/2014 | Constitutional reading dispensed (38-Y 0-N) |
01/16/2014 | Read second time and engrossed |
01/17/2014 | Read third time and passed Senate (38-Y 0-N) |
01/23/2014 | Placed on Calendar |
01/23/2014 | Read first time |
01/23/2014 | Referred to Committee on Commerce and Labor |
01/23/2014 | Impact statement from SCC (SB517) |
02/25/2014 | Reported from Commerce and Labor (21-Y 0-N) (see vote tally) |
02/27/2014 | Read second time |
02/28/2014 | Read third time |
02/28/2014 | Passed House BLOCK VOTE (98-Y 0-N) |
02/28/2014 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
03/05/2014 | Enrolled |
03/05/2014 | Bill text as passed Senate and House (SB517ER) |
03/05/2014 | Signed by Speaker |
03/06/2014 | Impact statement from SCC (SB517ER) |
03/08/2014 | Signed by President |
03/27/2014 | G Approved by Governor-Chapter 372 (effective 7/1/14) |
03/27/2014 | G Acts of Assembly Chapter text (CHAP0372) |