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.
2012 SESSION
HB 519 Corporations and other business entities; conversion and termination.
Introduced by: Harry R. Purkey | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Corporations and other business entities; conversion and termination. Makes provisions that set out how amended and restated articles are to be an attachment to a plan of domestication uniform across the laws regarding corporations, limited liability companies, business trusts, and limited partnerships. The changes prevent duplicate submission of the organizational instrument. The measure also (i) addresses how a federal bankruptcy court may order an entity conversion or termination of a corporation incident to reorganization; (ii) provides that a plan of entity conversion can be approved by the management or organizers of a corporation or limited liability company when the entity has no shareholders or members; (iii) provides that an application for withdrawal or cancellation of registration submitted by a foreign business entity affirms that the foreign entity is in existence and has not been merged, consolidated, or converted; and (iv) makes other technical changes.
FULL TEXT
- 01/10/12 House: Prefiled and ordered printed; offered 01/11/12 12101063D pdf | impact statement
- 02/17/12 House: Bill text as passed House and Senate (HB519ER) pdf | impact statement
- 03/06/12 House: Reenrolled bill text (HB519ER2) pdf
- 03/06/12 Governor: Acts of Assembly Chapter text (CHAP0130) pdf
AMENDMENTS
HISTORY
- 01/10/12 House: Prefiled and ordered printed; offered 01/11/12 12101063D
- 01/10/12 House: Referred to Committee on Commerce and Labor
- 01/17/12 House: Reported from Commerce and Labor (22-Y 0-N)
- 01/19/12 House: Read first time
- 01/20/12 House: Read second time and engrossed
- 01/23/12 House: Read third time and passed House BLOCK VOTE (100-Y 0-N)
- 01/23/12 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 01/24/12 Senate: Constitutional reading dispensed
- 01/24/12 Senate: Referred to Committee on Commerce and Labor
- 02/13/12 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 02/14/12 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/15/12 Senate: Read third time
- 02/15/12 Senate: Passed Senate (40-Y 0-N)
- 02/17/12 House: Enrolled
- 02/17/12 House: Bill text as passed House and Senate (HB519ER)
- 02/17/12 House: Signed by Speaker
- 02/20/12 Senate: Signed by President
- 03/02/12 House: Governor's recommendation received by House
- 03/02/12 House: Placed on Calendar
- 03/05/12 House: House concurred in Governor's recommendation (95-Y 1-N)
- 03/05/12 House: VOTE: ADOPTION (95-Y 1-N)
- 03/06/12 Senate: Senate concurred in Governor's recommendation (40-Y 0-N)
- 03/06/12 Governor: Governor's recommendation adopted
- 03/06/12 House: Reenrolled
- 03/06/12 House: Reenrolled bill text (HB519ER2)
- 03/06/12 House: Signed by Speaker as reenrolled
- 03/06/12 Senate: Signed by President as reenrolled
- 03/06/12 House: Enacted, Chapter 130 (effective 7/1/12)
- 03/06/12 Governor: Acts of Assembly Chapter text (CHAP0130)