Banks; capital stock. (SB1609)
Introduced By
Sen. Dick Saslaw (D-Springfield)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Banks; capital stock. Repeals a provision that bars the State Corporation Commission from authorizing a bank to commence business if commissions or other compensation have been paid by the bank for the sale of stock in the bank. The measure also removes the requirement that both organizing directors of a bank be bonded for an amount equal to the total amount of money to be collected before the bank opens for business through stock subscriptions or from purchases of the bank's stock. This bill is identical to HB 2419. Read the Bill »
Outcome
Bill Has Passed
History
| Date | Action |
|---|---|
| 01/09/2019 | Prefiled and ordered printed; offered 01/09/19 19103985D |
| 01/09/2019 | Referred to Committee on Commerce and Labor |
| 01/11/2019 | Impact statement from SCC (SB1609) |
| 01/21/2019 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
| 01/23/2019 | Constitutional reading dispensed (39-Y 0-N) (see vote tally) |
| 01/24/2019 | Read second time and engrossed |
| 01/25/2019 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
| 01/25/2019 | Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally) |
| 01/25/2019 | Passed Senate (40-Y 0-N) (see vote tally) |
| 01/29/2019 | Placed on Calendar |
| 01/29/2019 | Read first time |
| 01/29/2019 | Referred to Committee on Commerce and Labor |
| 02/12/2019 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
| 02/12/2019 | Read second time |
| 02/13/2019 | Read third time |
| 02/13/2019 | Passed House BLOCK VOTE (98-Y 0-N) |
| 02/13/2019 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
| 02/18/2019 | Enrolled |
| 02/18/2019 | Bill text as passed Senate and House (SB1609ER) |
| 02/18/2019 | Signed by Speaker |
| 02/19/2019 | Signed by President |
| 02/20/2019 | G Governor's Action Deadline Midnight, March 25, 2019 |
| 02/20/2019 | Impact statement from SCC (SB1609ER) |
| 02/20/2019 | Enrolled Bill Communicated to Governor on February 20, 2019 |
| 02/20/2019 | G Governor's Action Deadline Midnight, March 26, 2019 |
| 03/08/2019 | G Approved by Governor-Chapter 254 (effective 7/1/19) |
| 03/08/2019 | G Acts of Assembly Chapter text (CHAP0254) |