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2004 SESSION

• | print version

HB 625 Charitable assets; standard of conduct for directors of charitable corporations.

Introduced by: John M. O'Bannon, III | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Charitable corporations; purposes for which assets are held. Provides that the assets of a charitable corporation shall be deemed to be held in trust for such purposes as are established in the governing documents of the charitable corporation, the gift or bequest to the corporation, or other applicable law. Existing language providing that the assets are to be held for such purposes as established by the donor's intent as expressed in the corporation's governing documents is repealed. This provision is stated not to modify the standard of conduct applicable to directors of charitable corporations under existing law.

FULL TEXT

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 044643440  pdf
• 01/30/04  House: Printed as engrossed 044643440-E  pdf
• 03/15/04  House: Bill text as passed House and Senate (HB625ER)  pdf
• 04/12/04  Governor: Acts of Assembly Chapter text (CHAP0289)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/14/04  House: Presented & ordered printed, prefiled 01/13/04 044643440
• 01/14/04  House: Referred to Committee on Commerce and Labor
• 01/27/04  House: Reported from C. & L. with amendments (22-Y 0-N)
• 01/29/04  House: Read first time
• 01/30/04  House: Read second time
• 01/30/04  House: Committee amendments agreed to
• 01/30/04  House: Engrossed by House as amended HB625E
• 01/30/04  House: Printed as engrossed 044643440-E
• 02/02/04  House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
• 02/02/04  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/02/04  House: Communicated to Senate
• 02/03/04  Senate: Constitutional reading dispensed
• 02/03/04  Senate: Referred to Committee on Commerce and Labor
• 02/23/04  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/25/04  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/25/04  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/26/04  Senate: Read third time
• 02/26/04  Senate: Passed Senate (39-Y 0-N)
• 02/26/04  Senate: VOTE: PASSAGE R (39-Y 0-N)
• 03/15/04  House: Bill text as passed House and Senate (HB625ER)
• 03/15/04  House: Enrolled
• 03/17/04  House: Signed by Speaker
• 03/17/04  Senate: Signed by President
• 03/31/04  Governor: Approved by Governor-Chapter 289 (effective 7/1/04)
• 04/12/04  Governor: Acts of Assembly Chapter text (CHAP0289)