Banking institutions; reclassification or conversion of shares of stock. (HB1964)
Introduced By
Del. Chris Saxman (R-Staunton)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Banking institutions; reclassification or conversion of shares. Authorizes a bank, savings institution, bank holding company, savings and loan holding company, or multiple or diversified savings and loan holding company organized as a stock corporation to reclassify or convert a portion of the shares of its stock from one class or series into another class or series for the purpose of ceasing to be, or avoiding the status of, an institution that is required to file periodic reports under provisions of the Securities Exchange Act of 1934, if authorized by its articles of incorporation. Such a reclassification or conversion is exempt from appraisal rights provisions of the Stock Corporation Act if the institution's directors recommend the approval and all shares are reclassified or converted on the same terms. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/13/2009 | Committee |
01/13/2009 | Prefiled and ordered printed; offered 01/14/09 091179712 |
01/13/2009 | Referred to Committee on Commerce and Labor |
01/20/2009 | Impact statement from SCC (HB1964) |
01/20/2009 | Reported from Commerce and Labor with substitute (20-Y 0-N) (see vote tally) |
01/21/2009 | Committee substitute printed 090152712-H1 |
01/22/2009 | Read first time |
01/23/2009 | Read second time |
01/23/2009 | Committee substitute agreed to 090152712-H1 |
01/23/2009 | Engrossed by House - committee substitute HB1964H1 |
01/26/2009 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
01/26/2009 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
01/27/2009 | Constitutional reading dispensed |
01/27/2009 | Referred to Committee on Commerce and Labor |
02/06/2009 | Impact statement from SCC (HB1964H1) |
02/16/2009 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
02/18/2009 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/19/2009 | Read third time |
02/19/2009 | Passed Senate (40-Y 0-N) (see vote tally) |
02/24/2009 | Enrolled |
02/24/2009 | Bill text as passed House and Senate (HB1964ER) |
02/24/2009 | Impact statement from SCC (HB1964ER) |
02/25/2009 | Signed by Speaker |
02/27/2009 | Signed by President |
03/27/2009 | G Approved by Governor-Chapter 356 (effective 7/1/09) |
03/27/2009 | G Acts of Assembly Chapter text (CHAP0356) |
Video
This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.