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2006 SESSION
HB 887 Mergers and reinstatements; provides exceptions to requirements therefor.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Mergers and reinstatements of corporations. Provides exceptions to the requirements for (i) the filing of an authenticated copy of an instrument of merger on behalf of a qualified foreign corporation when the merger includes a Virginia entity for which articles of merger are filed and (ii) the approval of a merger by the shareholders of a survivor whose shares do not vary by more than 20%. These exceptions were removed in 2005. A corporation shall not be deemed to be in good standing if, among other criteria, an order of reinstatement prohibiting a domestic corporation from engaging in business until it changes its corporate name is issued and in effect. Other provisions clarify that the term “articles of incorporation” includes articles of consolidation, serial designation, reduction, and correction; provide that a certificate of good standing will not be issued to a reinstated Virginia corporation that is required to change its name before transacting business; and make several technical amendments.
FULL TEXT
- 01/10/06 House: Prefiled and ordered printed; offered 01/11/06 062638158 pdf
- 01/18/06 House: Committee substitute printed 062714372-H1 pdf | impact statement
- 03/01/06 House: Bill text as passed House and Senate (HB887ER) pdf | impact statement
- 04/14/06 Governor: Acts of Assembly Chapter text (CHAP0663) pdf
HISTORY
- 01/10/06 House: Prefiled and ordered printed; offered 01/11/06 062638158
- 01/10/06 House: Referred to Committee on Commerce and Labor
- 01/17/06 House: Reported from Commerce and Labor with substitute (22-Y 0-N)
- 01/18/06 House: Committee substitute printed 062714372-H1
- 01/19/06 House: Read first time
- 01/20/06 House: Read second time
- 01/20/06 House: Committee substitute agreed to 062714372-H1
- 01/20/06 House: Engrossed by House - committee substitute HB887H1
- 01/23/06 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 01/23/06 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 01/23/06 House: Communicated to Senate
- 01/24/06 Senate: Constitutional reading dispensed
- 01/24/06 Senate: Referred to Committee on Commerce and Labor
- 02/20/06 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/22/06 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/22/06 Senate: VOTE: (39-Y 0-N)
- 02/23/06 Senate: Read third time
- 02/23/06 Senate: Passed Senate (40-Y 0-N)
- 02/23/06 Senate: VOTE: (40-Y 0-N)
- 02/28/06 House: Enrolled
- 03/01/06 House: Bill text as passed House and Senate (HB887ER)
- 03/01/06 House: Signed by Speaker
- 03/02/06 Senate: Signed by President
- 04/05/06 Governor: Approved by Governor-Chapter 663 (effective 7/1/06)
- 04/14/06 Governor: Acts of Assembly Chapter text (CHAP0663)