State Corporation Commission; supervisory merger or transfer of assets of certain unions. (HB1964)

Introduced By

Del. Lamont Bagby (D-Richmond)

Progress

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

Description

State Corporation Commission; supervisory merger or transfer of assets of financially unstable credit union. Amends the provisions governing the supervisory merger or transfer of assets of insolvent credit unions to include state credit unions that are financially unstable. The measure removes the requirement that the Commission find that an emergency exists to expedite mergers or sales of assets between credit unions. Read the Bill »

Status

01/22/2021: Passed the House

History

DateAction
01/11/2021Committee
01/11/2021Prefiled and ordered printed; offered 01/13/21 21100820D
01/11/2021Referred to Committee on Labor and Commerce
01/18/2021Impact statement from SCC (HB1964)
01/19/2021House committee, floor amendments and substitutes offered
01/19/2021Reported from Labor and Commerce with amendment(s) (22-Y 0-N) (see vote tally)
01/20/2021Read first time
01/21/2021Read second time
01/21/2021Committee amendments agreed to
01/21/2021Engrossed by House as amended HB1964E
01/21/2021Printed as engrossed 21100820D-E
01/22/2021Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/22/2021VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)

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