Nonstock corporations; action without board of directors meeting. (HB234)
Introduced By
Del. Rip Sullivan (D-Arlington)
Progress
✓ |
Introduced |
✗ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Corporate action without board meeting. Eliminates the requirement that each director of a stock or nonstock corporation sign a consent to action taken by a board of directors without a meeting. The measure provides that such action taken without a meeting requires the consent of a quorum of the members of the board unless the articles of incorporation or bylaws provide otherwise. The measure also provides that such action is effective when the last director required to constitute a quorum signs the consent. Finally, the measure clarified that the written consent and the signing of the consent may be by electronic mail. Read the Bill »
Outcome
History
| Date | Action |
|---|---|
| 12/29/2015 | Committee |
| 12/29/2015 | Prefiled and ordered printed; offered 01/13/16 16101440D |
| 12/29/2015 | Referred to Committee on Commerce and Labor |
| 01/10/2016 | Impact statement from SCC (HB234) |
| 01/28/2016 | Failed to report (defeated) in Commerce and Labor (8-Y 14-N) (see vote tally) |
| 02/02/2016 | Reconsidered by Commerce and Labor |
| 02/09/2016 | Reported from Commerce and Labor with substitute (20-Y 0-N) (see vote tally) |
| 02/09/2016 | Reported from Commerce and Labor with substitute (21-Y 1-N) (see vote tally) |
| 02/09/2016 | Committee substitute printed 16104556D-H1 |
| 02/11/2016 | Read first time |
| 02/12/2016 | Read second time |
| 02/12/2016 | Committee substitute agreed to 16104556D-H1 |
| 02/12/2016 | Engrossed by House - committee substitute HB234H1 |
| 02/14/2016 | Impact statement from SCC (HB234H1) |
| 02/15/2016 | Read third time and passed House (99-Y 0-N) |
| 02/15/2016 | VOTE: PASSAGE (99-Y 0-N) (see vote tally) |
| 02/16/2016 | Constitutional reading dispensed |
| 02/16/2016 | Referred to Committee on Commerce and Labor |
| 02/22/2016 | Reported from Commerce and Labor with amendment (15-Y 0-N) (see vote tally) |
| 02/24/2016 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 02/25/2016 | Read third time |
| 02/25/2016 | Reading of amendment waived |
| 02/25/2016 | Committee amendment agreed to |
| 02/25/2016 | Engrossed by Senate as amended |
| 02/25/2016 | Passed Senate with amendment (40-Y 0-N) (see vote tally) |
| 02/26/2016 | Placed on Calendar |
| 02/29/2016 | Senate amendment agreed to by House (96-Y 0-N) |
| 02/29/2016 | VOTE: ADOPTION (96-Y 0-N) (see vote tally) |
| 03/01/2016 | Enrolled |
| 03/01/2016 | Bill text as passed House and Senate (HB234ER) |
| 03/01/2016 | Impact statement from SCC (HB234ER) |
| 03/01/2016 | Signed by Speaker |
| 03/04/2016 | Signed by President |
| 03/11/2016 | G Governor's Action Deadline Midnight, Monday, April 11, 2016 |
| 03/11/2016 | Enrolled Bill communicated to Governor on 3/11/16 |
| 03/11/2016 | G Governor's Action Deadline Midnight, Sunday, April 10, 2016 |
| 03/11/2016 | G Approved by Governor-Chapter 382 (effective 7/1/16) |
| 03/11/2016 | G Acts of Assembly Chapter text (CHAP0382) |
| 03/11/2016 | G Acts of Assembly Chapter text reprinted (CHAP0382) |
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 45 seconds.
Transcript
This is a transcript of the video clips in which this bill is discussed.
HOUSE BILL 234 A BILL TO AMEND AND REENACT SECTION OF THE CODE OF VIRGINIA RELATING TO NONSTOCK CORPORATIONS. MR. SPEAKER, MEMBERS OF THE HOUSE, THE SENATE AMENDMENT CORRECTS WHAT WAS A TYPO. CHANGE WAS TO BE MADE IN TWO PLACES AND ONLY GOT MADE IN ONE.Del. Bill Howell (R-Fredericksburg): SHALL THE SENATE AMENDMENT BE AGREED TO? CLERK WILL CLOSE THE ROLL.
[Unknown]: AYE, 96, NO, 0. THE SENATE AMENDMENT IS AGREED