VA HB1149 | 2020 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 22 2020 - 100% progression
Action: 2020-04-22 - Governor: Acts of Assembly Chapter text (CHAP1226)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 22 2020 - 100% progression
Action: 2020-04-22 - Governor: Acts of Assembly Chapter text (CHAP1226)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Stock Corporation Act. Makes clarifying and technical changes to the Virginia Stock Corporation Act. Many of the measure's provisions revise the legislation enacted in the 2019 Session that comprehensively updated the Act in accordance with the Model Business Corporation Act. Several of the measure'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authorized to transact business in the Commonwealth that domesticates to a domestic corporation is deemed to have withdrawn its certificate of authority when the certificate of domestication becomes effective, as it is duplicative of provisions addressed in this measure. The provisions of the measure updating the Virginia Stock Corporation Act, become effective July 1, 2021. Additionally, the measure delays the effective date the 2019 Virginia Stock Corporation Act legislation and legislation enacted in the 2019 Session authorizing the creation of one or more protected series by a limited liability company that were scheduled to become effective on July 1, 2020, to July 1, 2021.
Title
Virginia Stock Corporation Act; clarifying and technical changes.
Sponsors
| Del. Mark Keam [D] |
Roll Calls
2020-04-22 - House - House: VOTE: (95-Y 0-N) (Y: 95 N: 0 NV: 5 Abs: 0) [PASS]
2020-04-22 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-04-22 - Senate - Senate: Reconsideration of Governor's recommendation agreed to (38-Y 1-N) (Y: 38 N: 1 NV: 1 Abs: 0) [PASS]
2020-04-22 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-20 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-17 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-27 - House - House: VOTE: (99-Y 0-N) (Y: 99 N: 0 NV: 1 Abs: 0) [PASS]
2020-01-21 - House - House: Reported from Labor and Commerce with substitute (20-Y 0-N) (Y: 20 N: 0 NV: 2 Abs: 0) [PASS]
2020-04-22 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-04-22 - Senate - Senate: Reconsideration of Governor's recommendation agreed to (38-Y 1-N) (Y: 38 N: 1 NV: 1 Abs: 0) [PASS]
2020-04-22 - Senate - Senate: Senate concurred in Governor's recommendation (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-20 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-17 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-27 - House - House: VOTE: (99-Y 0-N) (Y: 99 N: 0 NV: 1 Abs: 0) [PASS]
2020-01-21 - House - House: Reported from Labor and Commerce with substitute (20-Y 0-N) (Y: 20 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2020-04-22 | Governor: Acts of Assembly Chapter text (CHAP1226) | |
| 2020-04-22 | House | Enacted, Chapter 1226 (effective - see bill) |
| 2020-04-22 | Senate | Signed by President as reenrolled |
| 2020-04-22 | House | Signed by Speaker as reenrolled |
| 2020-04-22 | House | Reenrolled bill text (HB1149ER2) |
| 2020-04-22 | House | Reenrolled |
| 2020-04-22 | Governor: Governor's recommendation adopted | |
| 2020-04-22 | Senate | Senate concurred in Governor's recommendation (40-Y 0-N) |
| 2020-04-22 | Senate | Reconsideration of Governor's recommendation agreed to (38-Y 1-N) |
| 2020-04-22 | Senate | Senate concurred in Governor's recommendation (40-Y 0-N) |
| 2020-04-22 | House | VOTE: (95-Y 0-N) |
| 2020-04-22 | House | House concurred in Governor's recommendation BLOCK VOTE (95-Y 0-N) |
| 2020-04-22 | House | Placed on Calendar |
| 2020-03-10 | House | Governor's recommendation received by House |
| 2020-03-03 | Governor: Governor's Action Deadline 11:59 p.m., March 10, 2020 | |
| 2020-03-03 | House | Enrolled Bill communicated to Governor on March 3, 2020 |
| 2020-02-26 | Senate | Signed by President |
| 2020-02-25 | House | Signed by Speaker |
| 2020-02-25 | House | Bill text as passed House and Senate (HB1149ER) |
| 2020-02-25 | House | Enrolled |
| 2020-02-20 | Senate | Passed Senate (40-Y 0-N) |
| 2020-02-20 | Senate | Read third time |
| 2020-02-19 | Senate | Constitutional reading dispensed (39-Y 0-N) |
| 2020-02-17 | Senate | Reported from Commerce and Labor (15-Y 0-N) |
| 2020-01-28 | Senate | Referred to Committee on Commerce and Labor |
| 2020-01-28 | Senate | Constitutional reading dispensed |
| 2020-01-27 | House | VOTE: (99-Y 0-N) |
| 2020-01-27 | House | Read third time and passed House BLOCK VOTE (99-Y 0-N) |
| 2020-01-24 | House | Engrossed by House - committee substitute HB1149H1 |
| 2020-01-24 | House | Committee substitute agreed to 20106259D-H1 |
| 2020-01-24 | House | Read second time |
| 2020-01-23 | House | Read first time |
| 2020-01-21 | House | Committee substitute printed 20106259D-H1 |
| 2020-01-21 | House | Reported from Labor and Commerce with substitute (20-Y 0-N) |
| 2020-01-07 | House | Referred to Committee on Labor and Commerce |
| 2020-01-07 | House | Prefiled and ordered printed; offered 01/08/20 20105073D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 13 | 1 | 603 | (n/a) | See Bill Text |
| 13 | 1 | 604 | (n/a) | See Bill Text |
| 13 | 1 | 609 | (n/a) | See Bill Text |
| 13 | 1 | 610 | (n/a) | See Bill Text |
| 13 | 1 | 614.1 | (n/a) | See Bill Text |
| 13 | 1 | 614.7 | (n/a) | See Bill Text |
| 13 | 1 | 615.1 | (n/a) | See Bill Text |
| 13 | 1 | 616 | (n/a) | See Bill Text |
| 13 | 1 | 619 | (n/a) | See Bill Text |
| 13 | 1 | 624 | (n/a) | See Bill Text |
| 13 | 1 | 630 | (n/a) | See Bill Text |
| 13 | 1 | 636 | (n/a) | See Bill Text |
| 13 | 1 | 652 | (n/a) | See Bill Text |
| 13 | 1 | 657 | (n/a) | See Bill Text |
| 13 | 1 | 679 | (n/a) | See Bill Text |
| 13 | 1 | 692.1 | (n/a) | See Bill Text |
| 13 | 1 | 695 | (n/a) | See Bill Text |
| 13 | 1 | 712.1 | (n/a) | See Bill Text |
| 13 | 1 | 716 | (n/a) | See Bill Text |
| 13 | 1 | 718 | (n/a) | See Bill Text |
| 13 | 1 | 719 | (n/a) | See Bill Text |
| 13 | 1 | 721 | (n/a) | See Bill Text |
| 13 | 1 | 721.1 | (n/a) | See Bill Text |
| 13 | 1 | 722.13 | (n/a) | See Bill Text |
| 13 | 1 | 722.5 | (n/a) | See Bill Text |
| 13 | 1 | 722.7:1 | (n/a) | See Bill Text |
| 13 | 1 | 722.9 | (n/a) | See Bill Text |
| 13 | 1 | 761 | (n/a) | See Bill Text |
| 13 | 1 | 764 | (n/a) | See Bill Text |
| 13 | 1 | 766.1 | (n/a) | See Bill Text |
| 13 | 1 | 768.1 | (n/a) | See Bill Text |
