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2020 SESSION
HB 1149 Virginia Stock Corporation Act; clarifying and technical changes.
Introduced by: Mark L. Keam | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
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authorized to transact business in the Commonwealth that domesticates to a domestic corporation is deemed to have withdrawn its certificate of authority when the certificate of domestication becomes effective, as it is duplicative of provisions addressed in this measure.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.
FULL TEXT
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20105073D pdf | impact statement
- 01/21/20 House: Committee substitute printed 20106259D-H1 pdf | impact statement
- 02/25/20 House: Bill text as passed House and Senate (HB1149ER) pdf | impact statement
- 04/22/20 House: Reenrolled bill text (HB1149ER2) pdf
- 04/22/20 Governor: Acts of Assembly Chapter text (CHAP1226) pdf
AMENDMENTS
HISTORY
- 01/07/20 House: Prefiled and ordered printed; offered 01/08/20 20105073D
- 01/07/20 House: Referred to Committee on Labor and Commerce
- 01/21/20 House: Reported from Labor and Commerce with substitute (20-Y 0-N)
- 01/21/20 House: Committee substitute printed 20106259D-H1
- 01/23/20 House: Read first time
- 01/24/20 House: Read second time
- 01/24/20 House: Committee substitute agreed to 20106259D-H1
- 01/24/20 House: Engrossed by House - committee substitute HB1149H1
- 01/27/20 House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
- 01/27/20 House: VOTE: (99-Y 0-N)
- 01/28/20 Senate: Constitutional reading dispensed
- 01/28/20 Senate: Referred to Committee on Commerce and Labor
- 02/17/20 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/19/20 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/20/20 Senate: Read third time
- 02/20/20 Senate: Passed Senate (40-Y 0-N)
- 02/25/20 House: Enrolled
- 02/25/20 House: Bill text as passed House and Senate (HB1149ER)
- 02/25/20 House: Signed by Speaker
- 02/26/20 Senate: Signed by President
- 03/03/20 House: Enrolled Bill communicated to Governor on March 3, 2020
- 03/03/20 Governor: Governor's Action Deadline 11:59 p.m., March 10, 2020
- 03/10/20 House: Governor's recommendation received by House
- 04/22/20 House: Placed on Calendar
- 04/22/20 House: House concurred in Governor's recommendation BLOCK VOTE (95-Y 0-N)
- 04/22/20 House: VOTE: (95-Y 0-N)
- 04/22/20 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/22/20 Senate: Reconsideration of Governor's recommendation agreed to (38-Y 1-N)
- 04/22/20 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/22/20 Governor: Governor's recommendation adopted
- 04/22/20 House: Reenrolled
- 04/22/20 House: Reenrolled bill text (HB1149ER2)
- 04/22/20 House: Signed by Speaker as reenrolled
- 04/22/20 Senate: Signed by President as reenrolled
- 04/22/20 House: Enacted, Chapter 1226 (effective - see bill)
- 04/22/20 Governor: Acts of Assembly Chapter text (CHAP1226)