Corporate directors and officers; indemnification thereof. (SB903)

Introduced By

Sen. Walter Stosch (R-Glen Allen)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

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. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/05/2009Prefiled and ordered printed; offered 01/14/09
01/05/2009Prefiled and ordered printed; offered 01/14/09 090028332
01/05/2009Prefiled and ordered printed with emergency clause; offered 01/14/09 090028332
01/05/2009Referred to Committee on Commerce and Labor
01/19/2009Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
01/20/2009Impact statement from SCC (SB903)
01/21/2009Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/22/2009Read second time and engrossed
01/23/2009Read third time and passed Senate (40-Y 0-N) (see vote tally)
01/27/2009Placed on Calendar
01/27/2009Read first time
01/27/2009Referred to Committee on Commerce and Labor
02/17/2009Reported from Commerce and Labor (20-Y 0-N) (see vote tally)
02/19/2009Read second time
02/20/2009Passed by for the day
02/23/2009Passed by for the day
02/24/2009Read third time
02/24/2009Passed House BLOCK VOTE (99-Y 0-N)
02/24/2009VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
02/28/2009Enrolled
02/28/2009Bill text as passed Senate and House (SB903ER)
02/28/2009Signed by President
02/28/2009Signed by Speaker
03/03/2009Impact statement from SCC (SB903ER)
03/27/2009G Approved by Governor-Chapter 587 (effective -see bill)
03/27/2009G Acts of Assembly Chapter text (CHAP0587)