Virginia Stock Corporation Act; clarifying and technical changes. (HB1149)

Introduced By

Del. Mark Keam (D-Vienna)

Progress

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

Description

Virginia Stock Corporation Act. Makes clarifying and technical changes to the Virginia Stock Corporation Act. Many of the bill's provisions revise the legislation enacted in the 2019 Session that comprehensively updated the Act in accordance with the Model Business Corporation Act and that is scheduled to become effective on July 1, 2020. Several of the bill's provisions address the documentation required to be filed when a corporation converts to another type of business entity. The measure also repeals a section that provides that a foreign corporation authorized to transact business in the Commonwealth that domesticates to a domestic corporation is deemed to have withdrawn its certificate of authority when the certificate of domestication becomes effective, as it is duplicative of provisions addressed in this bill. Read the Bill »

Status

02/20/2020: Passed the Senate

History

DateAction
01/07/2020Committee
01/07/2020Prefiled and ordered printed; offered 01/08/20 20105073D
01/07/2020Referred to Committee on Labor and Commerce
01/17/2020Impact statement from SCC (HB1149)
01/21/2020House committee, floor amendments and substitutes offered
01/21/2020Reported from Labor and Commerce with substitute (20-Y 0-N) (see vote tally)
01/21/2020Committee substitute printed 20106259D-H1
01/23/2020Read first time
01/24/2020Read second time
01/24/2020Committee substitute agreed to 20106259D-H1
01/24/2020Engrossed by House - committee substitute HB1149H1
01/27/2020Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/27/2020VOTE: (99-Y 0-N) (see vote tally)
01/28/2020Constitutional reading dispensed
01/28/2020Referred to Committee on Commerce and Labor
02/06/2020Impact statement from SCC (HB1149H1)
02/17/2020Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
02/19/2020Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/20/2020Read third time
02/20/2020Passed Senate (40-Y 0-N) (see vote tally)
02/25/2020Enrolled
02/25/2020Bill text as passed House and Senate (HB1149ER)
02/26/2020Impact statement from SCC (HB1149ER)

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