SEARCH SITE
VIRGINIA LAW PORTAL
- Code of Virginia
- Virginia Administrative Code
- Constitution of Virginia
- Charters
- Authorities
- Compacts
- Uncodified Acts
- RIS Users (account required)
SEARCHABLE DATABASES
- Bills & Resolutions
session legislation - Bill Summaries
session summaries - Reports to the General Assembly
House and Senate documents - Legislative Liaisons
State agency contacts
ACROSS SESSIONS
- Subject Index: Since 1995
- Bills & Resolutions: Since 1994
- Summaries: Since 1994
Developed and maintained by the Division of Legislative Automated Systems.
2001 SESSION
SB 950 Agricultural cooperative associations; forfeiture of equity.
Introduced by: Charles J. Colgan | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Agricultural cooperative associations; forfeiture of equity. Authorizes the bylaws and member agreements of an agricultural cooperative association to provide that when an agricultural cooperative association holds any membership or patronage equity to the credit of a person who has not had a current address on file with the association for at least three years, then the bylaws or member agreements of the association may provide that such equity is forfeited to the association. The forfeiture will occur only following publication and an opportunity for the equity to be claimed by such person or his next of kin. If there is no such provision in the association's bylaws or member agreements, or if there is no publication, then the Uniform Disposition of Unclaimed Property Act shall apply to such equity. Any forfeiture completed by an association prior to July 1, 2001, will be effective if such transfer was in compliance with the bylaws or member agreements of the association in effect at the time of the transfer, without regard to the publication requirements set out in the bill, and such transfer will not be subject to the Uniform Disposition of Unclaimed Property Act. This bill is identical to HB 1791.
FULL TEXT
- 01/10/01 Senate: Presented & ordered printed, prefiled 01/08/01 017068412 pdf | impact statement
- 02/24/01 Senate: Bill text as passed Senate and House (SB950ER) pdf | impact statement
- 04/06/01 Senate: Reenrolled bill text (SB950ER2) pdf
- 04/09/01 Governor: Acts of Assembly Chapter text (CHAP0838) pdf
AMENDMENTS
HISTORY
- 01/10/01 Senate: Presented & ordered printed, prefiled 01/08/01 017068412
- 01/10/01 Senate: Referred to Committee on Commerce and Labor
- 01/15/01 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 01/16/01 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/16/01 Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
- 01/17/01 Senate: Read second time and engrossed
- 01/19/01 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/19/01 Senate: VOTE: PASSAGE R (39-Y 0-N)
- 01/19/01 Senate: Communicated to House
- 02/06/01 House: Placed on Calendar
- 02/06/01 House: Read first time
- 02/06/01 House: Referred to Committee on Agriculture, Chesapeake and Natural Resources
- 02/15/01 House: Reported from Agriculture (18-Y 4-N)
- 02/19/01 House: Read second time
- 02/20/01 House: Read third time
- 02/20/01 House: Amendment by Del. Rust agreed to
- 02/20/01 House: Passed House with amendment (86-Y 10-N)
- 02/20/01 House: VOTE: PASSAGE (86-Y 10-N)
- 02/22/01 Senate: House amendment agreed to by Senate (40-Y 0-N)
- 02/22/01 Senate: VOTE: CONCUR HOUSE AMENDMENT (40-Y 0-N)
- 02/24/01 Senate: Bill text as passed Senate and House (SB950ER)
- 03/02/01 Senate: Enrolled
- 03/02/01 House: Signed by Speaker
- 03/02/01 Senate: Signed by President
- 03/26/01 Senate: Governor's recommendation received by Senate
- 04/04/01 Senate: Placed on Calendar
- 04/04/01 Senate: Senate concurred in Gov's recommendation (39-Y 0-N)
- 04/04/01 Senate: VOTE: ADOPT GOV. RECOMM. (39-Y 0-N)
- 04/05/01 House: House concurred in Gov's recommendation (97-Y 0-N)
- 04/05/01 House: VOTE: ADOPTION (97-Y 0-N)
- 04/05/01 Governor: Governor's recommendation adopted
- 04/05/01 Senate: Reenrolled
- 04/05/01 Senate: Signed by President as reenrolled
- 04/05/01 House: Signed by Speaker as reenrolled
- 04/05/01 House: Enacted, Chapter 838 (effective 7/1/01)
- 04/06/01 Senate: Reenrolled bill text (SB950ER2)
- 04/09/01 Governor: Acts of Assembly Chapter text (CHAP0838)