Stock and Nonstock Corporation Acts; conforms provisions and makes technical amendments. (HB2445)
Introduced By
Del. Mark Sickles (D-Alexandria)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Stock and nonstock corporations. Conforms provisions of the Stock and Nonstock Corporation Acts regarding names, mergers, and terminations with similar provisions applicable to other business entity forms, and makes technical amendments. An uncodified provision enacted in 1946 that prohibits the use of the word "redevelopment" in a corporate name that is not organized as an urban redevelopment corporation is set out. Other provisions (i) allow the filing of a foreign instrument of entity conversion to be filed without payment of a qualified foreign corporations annual registration fee on or before the due date, similar to the treatment afforded to a Virginia corporation that converts to a Virginia limited liability company; (ii) provide an exception to the requirement that a plan of merger, which is subject to an amendment, include certain provisions to protect shareholders when the plan of merger provides that the approval of all of the shareholders is required for the plans amendment; (iii) require articles of merger to include a statement that the plan of merger was adopted by the directors if shareholder approval is not required and provide that the articles are to include the date the plan was adopted by the corporation, regardless of the method of adoption; and (iv) conform provisions of the corporate law regarding the termination of corporate existence. Read the Bill »
Outcome
History
Date | Action |
---|---|
01/14/2009 | Committee |
01/14/2009 | Prefiled and ordered printed; offered 01/14/09 090079864 |
01/14/2009 | Referred to Committee on Commerce and Labor |
01/28/2009 | Impact statement from SCC (HB2445) |
01/29/2009 | Reported from Commerce and Labor with substitute (22-Y 0-N) (see vote tally) |
01/29/2009 | Committee substitute printed 090161736-H1 |
02/02/2009 | Read first time |
02/03/2009 | Read second time |
02/03/2009 | Committee substitute agreed to 090161736-H1 |
02/03/2009 | Engrossed by House - committee substitute HB2445H1 |
02/04/2009 | Impact statement from SCC (HB2445H1) |
02/04/2009 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/04/2009 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/05/2009 | Constitutional reading dispensed |
02/05/2009 | Referred to Committee on Commerce and Labor |
02/23/2009 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
02/24/2009 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
02/25/2009 | Read third time |
02/25/2009 | Passed Senate (40-Y 0-N) (see vote tally) |
03/04/2009 | Enrolled |
03/04/2009 | Bill text as passed House and Senate (HB2445ER) |
03/05/2009 | Impact statement from SCC (HB2445ER) |
03/05/2009 | Signed by President |
03/06/2009 | Signed by Speaker |
03/27/2009 | G Approved by Governor-Chapter 216 (effective 7/1/09) |
03/27/2009 | G Acts of Assembly Chapter text (CHAP0216) |