Banks; directors' meetings. (SB1272)

Introduced By

Sen. Glen Sturtevant (R-Midlothian) with support from co-patron Sen. Ben Chafin (R-Lebanon)

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 HB 2298. Amends § 6.2-866, of the Code of Virginia. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/07/2019Prefiled and ordered printed; offered 01/09/19 19101506D
01/07/2019Referred to Committee on Commerce and Labor
01/15/2019Impact statement from SCC (SB1272)
01/21/2019Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
01/23/2019Constitutional reading dispensed (39-Y 0-N) (see vote tally)
01/24/2019Read second time and engrossed
01/25/2019Read third time and passed Senate (39-Y 0-N) (see vote tally)
01/25/2019Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
01/25/2019Passed Senate (40-Y 0-N) (see vote tally)
01/29/2019Placed on Calendar
01/29/2019Read first time
01/29/2019Referred to Committee on Commerce and Labor
02/12/2019Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
02/12/2019Read second time
02/13/2019Read third time
02/13/2019Passed House BLOCK VOTE (98-Y 0-N)
02/13/2019VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
02/18/2019Enrolled
02/18/2019Bill text as passed Senate and House (SB1272ER)
02/18/2019Impact statement from SCC (SB1272ER)
02/18/2019Signed by Speaker
02/19/2019Signed by President
02/20/2019G Governor's Action Deadline Midnight, March 25, 2019
02/20/2019Enrolled Bill Communicated to Governor on February 20, 2019
02/20/2019G Governor's Action Deadline Midnight, March 26, 2019
03/05/2019G Approved by Governor-Chapter 244 (effective 7/1/19)
03/05/2019G Acts of Assembly Chapter text (CHAP0244)

Duplicate Bills

The following bills are identical to this one: HB2298.

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