Banks; directors' meetings. (HB2298)

Introduced By

Del. Israel O'Quinn (R-Bristol)

Progress

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

Description

Banks; directors' meetings. Removes the ability of a bank's shareholders to fix the number that constitutes a quorum for a meeting of the bank's board of directors at not less than five. In its place, the measure authorizes a bank's shareholders to adopt a bylaw setting as a quorum a number that is not less than a majority of the bank's directors. This bill is identical to SB 1272. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19101445D
01/08/2019Referred to Committee on Commerce and Labor
01/11/2019Impact statement from SCC (HB2298)
01/22/2019Reported from Commerce and Labor (21-Y 0-N) (see vote tally)
01/24/2019Read first time
01/25/2019Read second time and engrossed
01/28/2019Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/28/2019VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
01/29/2019Constitutional reading dispensed
01/29/2019Referred to Committee on Commerce and Labor
02/11/2019Reported from Commerce and Labor (13-Y 0-N) (see vote tally)
02/13/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/14/2019Passed Senate
02/14/2019Read third time
02/14/2019Passed Senate (40-Y 0-N) (see vote tally)
02/19/2019Enrolled
02/19/2019Bill text as passed House and Senate (HB2298ER)
02/19/2019Impact statement from SCC (HB2298ER)
02/19/2019Signed by Speaker
02/20/2019Signed by President
02/21/2019G Governor's Action Deadline Midnight, March 25, 2019
02/21/2019Enrolled Bill communicated to Governor on February 21, 2019
02/21/2019G Governor's Action Deadline Midnight, March 26, 2019
03/05/2019G Approved by Governor-Chapter 242 (effective 7/1/19)
03/05/2019G Acts of Assembly Chapter text (CHAP0242)

Duplicate Bills

The following bills are identical to this one: SB1272.