Business entities; conversion and domestication. (HB691)

Introduced By

Del. Mark Keam (D-Vienna)

Progress

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

Description

Business entities; conversion and domestication. Provides that, for the purposes of the Virginia Nonstock Corporation Act, the Virginia Limited Liability Act, and the Virginia Business Trust Act, "entity conversion" has the same meaning as "conversion" as defined in each respective act and that a certificate of entity conversion is the same as a certificate of conversion. Additionally, the bill provides that "incorporation surrender," "organization surrender," and "trust surrender" have the same meaning as "domestication" as defined in each such respective act and that a certificate of incorporation surrender, certificate of organization surrender, and a certificate of trust surrender are the same as a certificate of domestication. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/11/2022Committee
01/11/2022Prefiled and ordered printed; offered 01/12/22 22101240D
01/11/2022Referred to Committee on Commerce and Energy
01/19/2022Impact statement from SCC (HB691)
01/25/2022Reported from Commerce and Energy (21-Y 0-N) (see vote tally)
01/27/2022Read first time
01/28/2022Read second time and engrossed
01/31/2022Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/31/2022VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/01/2022Constitutional reading dispensed
02/01/2022Referred to Committee on Commerce and Labor
02/28/2022Reported from Commerce and Labor (15-Y 0-N) (see vote tally)
03/02/2022Constitutional reading dispensed (40-Y 0-N) (see vote tally)
03/03/2022Read third time
03/03/2022Passed Senate (39-Y 0-N) (see vote tally)
03/08/2022Enrolled
03/08/2022Bill text as passed House and Senate (HB691ER)
03/08/2022Signed by Speaker
03/08/2022Signed by President
03/10/2022Impact statement from SCC (HB691ER)
03/22/2022Enrolled Bill communicated to Governor on March 22, 2022
03/22/2022G Governor's Action Deadline 11:59 p.m., April 11, 2022
04/05/2022G Approved by Governor-Chapter 82 (effective 7/1/22)
04/05/2022G Acts of Assembly Chapter text (CHAP0082)

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