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- Subject Index: Since 1995
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2007 SESSION
SB 1286 Nonstock Corporation Act; updates to make consistent with changes to Stock Corporation Act.
Introduced by: Walter A. Stosch | all patrons ... notes | add to my profiles
SUMMARY AS ENACTED WITH GOVERNOR'S RECOMMENDATION: (all summaries)
Nonstock Corporation Act. Updates the Virginia Nonstock Corporation Act to make several provisions consistent with changes to the Virginia Stock Corporation Act that were enacted in 2005, based upon recent amendments to the Model Business Corporation Act. Specific areas of substantive change include setting forth procedures for the approval of a business opportunity; defining "disinterested director"; permitting several corporate actions to be taken electronically; updating provisions regarding member voting and elections; indemnifying directors and officers; streamlining the process for combining corporations with other types of business entities; asserting claims against dissolved corporations; and confirming that provisions in corporate documents filed with the State Corporation Commission may be made dependent on statistical or market indices or other objectively ascertainable facts.
FULL TEXT
- 01/10/07 Senate: Prefiled and ordered printed; offered 01/10/07 070166824 pdf | impact statement
- 01/25/07 Senate: Printed as engrossed 070166824-E pdf | impact statement
- 03/12/07 Senate: Bill text as passed Senate and House (SB1286ER) pdf | impact statement
- 03/27/07 Senate: Governor's substitute printed 070304824-S1 pdf
- 04/04/07 Senate: Reenrolled bill text (SB1286ER2) pdf
- 04/11/07 Governor: Acts of Assembly Chapter text (CHAP0925) pdf
AMENDMENTS
HISTORY
- 01/10/07 Senate: Prefiled and ordered printed; offered 01/10/07 070166824
- 01/10/07 Senate: Referred to Committee on Commerce and Labor
- 01/22/07 Senate: Reported from Commerce and Labor with amendments (15-Y 0-N)
- 01/24/07 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/24/07 Senate: VOTE: (40-Y 0-N)
- 01/25/07 Senate: Read second time
- 01/25/07 Senate: Reading of amendments waived
- 01/25/07 Senate: Committee amendments agreed to
- 01/25/07 Senate: Engrossed by Senate as amended SB1286E
- 01/25/07 Senate: Printed as engrossed 070166824-E
- 01/26/07 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/26/07 Senate: VOTE: (38-Y 0-N)
- 01/26/07 Senate: Communicated to House
- 02/06/07 House: Placed on Calendar
- 02/06/07 House: Read first time
- 02/06/07 House: Referred to Committee on Commerce and Labor
- 02/13/07 House: Reported from Commerce and Labor (19-Y 1-N)
- 02/15/07 House: Read second time
- 02/16/07 House: Read third time
- 02/16/07 House: Passed House (98-Y 0-N)
- 02/16/07 House: VOTE: PASSAGE (98-Y 0-N)
- 03/12/07 Senate: Enrolled
- 03/12/07 Senate: Bill text as passed Senate and House (SB1286ER)
- 03/12/07 Senate: Signed by President
- 03/13/07 House: Signed by Speaker
- 03/26/07 Senate: Governor's recommendation received by Senate
- 03/27/07 Senate: Governor's substitute printed 070304824-S1
- 04/03/07 Senate: Placed on Calendar
- 04/04/07 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 04/04/07 House: House concurred in Governor's recommendation (98-Y 0-N)
- 04/04/07 Governor: Governor's recommendation adopted
- 04/04/07 House: VOTE: ADOPTION (98-Y 0-N)
- 04/04/07 Senate: Reenrolled
- 04/04/07 Senate: Reenrolled bill text (SB1286ER2)
- 04/04/07 Senate: Signed by President as reenrolled
- 04/04/07 House: Signed by Speaker as reenrolled
- 04/04/07 House: Enacted, Chapter 925 (effective 7/1/07)
- 04/11/07 Governor: Acts of Assembly Chapter text (CHAP0925)