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

Introduced By

Del. Lamont Bagby (D-Richmond)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


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 »


03/18/2021: signed by governor


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)
01/25/2021Constitutional reading dispensed
01/25/2021Referred to Committee on Commerce and Labor
01/27/2021Impact statement from SCC (HB1964E)
02/05/2021Continued to 2021 Sp. Sess. 1 in Commerce and Labor (15-Y 0-N) (see vote tally)
02/22/2021Reported from Commerce and Labor (15-Y 0-N)
02/23/2021Constitutional reading dispensed (38-Y 0-N)
02/24/2021Read third time
02/24/2021Passed Senate (39-Y 0-N)
02/26/2021Bill text as passed House and Senate (HB1964ER)
02/26/2021Impact statement from SCC (HB1964ER)
02/26/2021Signed by Speaker
02/27/2021Signed by President
03/01/2021Enrolled Bill communicated to Governor on March 1, 20201
03/01/2021G Governor's Action Deadline 11:59 p.m., March 31, 2021
03/18/2021G Approved by Governor-Chapter 143 (effective 7/1/21)
03/18/2021G Acts of Assembly Chapter text (CHAP0143)