Banks; directors' meetings. (SB1272)

Introduced By

Sen. Glen Sturtevant (R-Midlothian)

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

Status

01/07/2019: Awaiting a Vote in the Commerce and Labor Committee

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)

Hearing Scheduled

This bill is scheduled to be heard in the Senate Commerce and Labor committee on 01/21/2019. It meets on Monday, 1/2 hour after adjournment - Senate Room B.

Duplicate Bills

The following bills are identical to this one: HB2298.

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