Limited liability companies; members provided access as an electronic record on a network, etc. (HB918)

Introduced By

Sen. Monty Mason (D-Williamsburg)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Limited liability companies; access to records. Authorizes limited liability companies to provide members with access to the limited liability company's records by electronic means on a network or system. Currently, a limited liability company is required to keep the records at its principal office. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/12/2016Prefiled and ordered printed; offered 01/13/16
01/12/2016Committee
01/12/2016Prefiled and ordered printed; offered 01/13/16 16101173D
01/12/2016Referred to Committee on Commerce and Labor
01/15/2016Impact statement from SCC (HB918)
01/26/2016Reported from Commerce and Labor with amendment (20-Y 2-N) (see vote tally)
01/28/2016Read first time
01/29/2016Passed by for the day
02/01/2016Read second time
02/01/2016Committee amendment agreed to
02/01/2016Engrossed by House as amended HB918E
02/01/2016Printed as engrossed 16101173D-E
02/02/2016Engrossed bill reprinted 16101173D-E
02/02/2016Read third time and passed House (88-Y 9-N)
02/02/2016VOTE: PASSAGE (88-Y 9-N) (see vote tally)
02/03/2016Impact statement from SCC (HB918E)
02/03/2016Constitutional reading dispensed
02/03/2016Referred to Committee on Commerce and Labor
02/04/2016Impact statement from SCC (HB918E)
02/22/2016Reported from Commerce and Labor (14-Y 1-N) (see vote tally)
02/24/2016Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/25/2016Read third time
02/25/2016Passed Senate (40-Y 0-N) (see vote tally)
02/29/2016Enrolled
02/29/2016Bill text as passed House and Senate (HB918ER)
02/29/2016Signed by Speaker
03/01/2016Impact statement from SCC (HB918ER)
03/03/2016Signed by President
03/04/2016Enrolled Bill communicated to Governor on 3/4/16
03/04/2016G Governor's Action Deadline Midnight, March 11, 2016
03/07/2016G Approved by Governor-Chapter 287 (effective 7/1/16)
03/07/2016G Acts of Assembly Chapter text (CHAP0287)

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.

Transcript

This is a transcript of the video clips in which this bill is discussed.



Del. Bill Howell (R-Fredericksburg): 874 PASS. ALL IN FAVOR OF THE MOTION WILLS AYE, THOSE OPPOSED NO. ARE THE SENATORS READY TO VOTE? HAVE ALL THE SENATORS VOTED? DO ANY SENATORS DESIRE TO CH ANGE THEIR VOTE? THE CLERK WILL CLOSE THE ROLL.

[Unknown]: AYES 39, NOS 1. AYES 39, NOS 1,. THE BILL PASSES. HOUSE BILL 918. A BILL RELATING TO LIMITED LIABILITY COMPANIES RECORD KEEPING. REPORTED FROM THE COMMITTEE ON COMMERCE AND LABOR. THE SENIOR SENATOR FROM VIRGINIA BEACH, SENATOR WAGNER.

Sen. Frank Wagner (R-Virginia Beach): HOUSE BILL 918 ALLOWS TO PROVIDE ACCESS IT THE LIMITED LIABILITY RECORDS VIA ELECTRONICALLY. CURRENTLY A LIMITED LIABILITY COMPANY IS REQUIRED TO KEEP THOSE RECORDS AT ITS PRINCIPAL OFFICE. THIS IS A WAY FOR THE MEMBERS TO HAVE EASIER ACCESS TO THE INFORMATION I MOVE THE BILL RECORDS AND WITH THAT PASS.

Del. Bill Howell (R-Fredericksburg): THE QUESTION IS SHALL HOUSE BILL 918 PASS. ALL IN FAVOR OF THE MOTION WILLE S AYE, THOSE OPPOSED NO.