Stock corporations; shareholders' meetings. (HB2230)

Introduced By

Del. Ben Cline (R-Amherst)

Progress

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

Description

Stock corporations; shareholders' meetings. Authorizes the board of directors of a stock corporation to determine that any meeting of shareholders not be held at any place and instead be held by means of remote communication, if the articles of incorporation or bylaws do not require the meeting to be held at a place. The measure also limits the provision that currently authorizes the holders of at least 20 percent of the votes entitled to be cast on an issue to call a special meeting of shareholders of a corporation that has 35 or fewer shareholders by requiring that the corporation not be a public corporation. Amends § 13.1-654, § 13.1-655, § 13.1-658, § 13.1-660.2, § 13.1-661, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2017Committee
01/11/2017Prefiled and ordered printed; offered 01/11/17 17102045D
01/11/2017Referred to Committee on Commerce and Labor
01/19/2017Impact statement from SCC (HB2230)
01/24/2017Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
01/26/2017Read first time
01/27/2017Read second time and engrossed
01/30/2017Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/30/2017VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/31/2017Constitutional reading dispensed
01/31/2017Referred to Committee on Commerce and Labor
02/13/2017Reported from Commerce and Labor (14-Y 0-N) (see vote tally)
02/15/2017Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/16/2017Read third time
02/16/2017Motion to rerefer to committee agreed to
02/16/2017Rereferred to Courts of Justice
02/17/2017Reported from Courts of Justice (14-Y 0-N) (see vote tally)
02/20/2017Read third time
02/20/2017Passed Senate (39-Y 0-N) (see vote tally)
02/20/2017Reconsideration of Senate passage agreed to by Senate (40-Y 0-N) (see vote tally)
02/20/2017Passed Senate (40-Y 0-N) (see vote tally)
02/23/2017Enrolled
02/23/2017Bill text as passed House and Senate (HB2230ER)
02/23/2017Impact statement from SCC (HB2230ER)
02/23/2017Signed by Speaker
02/24/2017Signed by President
02/28/2017Enrolled Bill communicated to Governor on 2/28/17
02/28/2017G Governor's Action Deadline Midnight, March 27, 2017
03/20/2017G Approved by Governor-Chapter 646 (effective 7/1/17)
03/20/2017G Acts of Assembly Chapter text (CHAP0646)