Banks; capital stock. (HB2419)

Introduced By

Del. David Yancey (R-Newport News)

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 SB 1609. Amends § 6.2-817, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2019Committee
01/08/2019Prefiled and ordered printed; offered 01/09/19 19103830D
01/08/2019Referred to Committee on Commerce and Labor
01/14/2019Impact statement from SCC (HB2419)
01/22/2019Reported from Commerce and Labor (22-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 (HB2419ER)
02/19/2019Signed by Speaker
02/20/2019Impact statement from SCC (HB2419ER)
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
03/08/2019G Approved by Governor-Chapter 253 (effective 7/1/19)
03/08/2019G Acts of Assembly Chapter text (CHAP0253)

Duplicate Bills

The following bills are identical to this one: SB1609.

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