Continuing care retirement community; no less than 20% of board shall be residents of facility. (SB1291)
Introduced By
Sen. Jeff McWaters (R-Virginia Beach)
Progress
✓ |
Introduced |
☐ |
Passed Committee |
☐ |
Passed House |
☐ |
Passed Senate |
☐ |
Signed by Governor |
☐ |
Became Law |
Description
Continuing care retirement community board of directors; resident representation. Requires that no less than 20 percent of the members of the board of directors of a corporation providing continuing care at a facility shall be residents of the facility elected to serve as resident representatives by the residents of the facility. This bill provides that resident representatives shall have the same voting rights as other members of the board. Existing providers may comply with the requirement by increasing the number of directors on the board, by replacing sitting directors with resident representatives as their terms expire or vacancies arise, or both, by July 1, 2013. Read the Bill »
Outcome
Bill Has Failed
History
| Date | Action |
|---|---|
| 01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11103477D |
| 01/12/2011 | Referred to Committee on Commerce and Labor |
| 01/31/2011 | Stricken at request of Patron in Commerce and Labor (14-Y 0-N) (see vote tally) |