Banks; capital stock. (HB1992)

Introduced By

Del. Bill Janis (R-Glen Allen)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Banks; capital stock.  Exempts restricted stock award plans from the requirement that a bank's capital stock be paid in money. The measure also provides that a stock option shall not be granted at a price which is less than 100 percent of the fair market value per share of the stock; an existing provision limits such price to 100 percent of the stock's book value. Read the Bill »


Bill Has Passed


01/11/2011Prefiled and ordered printed; offered 01/12/11 11101090D
01/11/2011Referred to Committee on Commerce and Labor
01/16/2011Impact statement from SCC (HB1992)
01/18/2011Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
01/20/2011Read first time
01/21/2011Read second time and engrossed
01/24/2011Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/24/2011VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (see vote tally)
01/25/2011Constitutional reading dispensed
01/25/2011Referred to Committee on Commerce and Labor
02/14/2011Reported from Commerce and Labor with amendment (15-Y 0-N) (see vote tally)
02/16/2011Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/17/2011Read third time
02/17/2011Reading of amendment waived
02/17/2011Committee amendment agreed to
02/17/2011Engrossed by Senate as amended
02/17/2011Passed Senate with amendment (39-Y 0-N) (see vote tally)
02/18/2011Placed on Calendar
02/21/2011Senate amendment agreed to by House (98-Y 0-N 1-A)
02/21/2011VOTE: ADOPTION (98-Y 0-N 1-A) (see vote tally)
02/25/2011Bill text as passed House and Senate (HB1992ER)
02/26/2011Signed by Speaker
02/28/2011Impact statement from SCC (HB1992ER)
02/28/2011Signed by President
03/18/2011G Approved by Governor-Chapter 240 (effective 7/1/11)
03/18/2011G Acts of Assembly Chapter text (CHAP0240)


This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 2 clips in all, totaling 2 minutes.