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.
2018 SESSION
SB 974 Action without a meeting; articles of incorporation of a public corporation.
Introduced by: A. Benton "Ben" Chafin | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Stock corporations; action by shareholders without meeting. Creates an exception to the provision that authorizes shareholders of a corporation to act without a meeting by less than unanimous written consent of the shareholders. The exception states that if the articles of incorporation or bylaws of a public corporation allow the holders of 30 percent or fewer of all votes entitled to be cast to demand the calling of a special meeting of shareholders, such provision authorizing less-than-unanimous shareholder action shall not apply. A public corporation is a corporation that has shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association. The measure does not apply if a public corporation's articles of incorporation authorized action by shareholders by less than unanimous consent as of April 1, 2018. This bill is identical to HB 1559.
FULL TEXT
- 01/19/18 Senate: Presented and ordered printed 18105587D pdf | impact statement
- 02/12/18 Senate: Printed as engrossed 18105587D-E pdf | impact statement
- 02/27/18 Senate: Bill text as passed Senate and House (SB974ER) pdf | impact statement
- 03/19/18 Governor: Acts of Assembly Chapter text (CHAP0308) pdf
AMENDMENTS
HISTORY
- 01/19/18 Senate: Presented and ordered printed 18105587D
- 01/19/18 Senate: Referred to Committee on Commerce and Labor
- 02/07/18 Senate: Reported from Commerce and Labor with amendments (14-Y 0-N)
- 02/09/18 Senate: Constitutional reading dispensed (38-Y 0-N)
- 02/12/18 Senate: Read second time
- 02/12/18 Senate: Reading of amendments waived
- 02/12/18 Senate: Committee amendments agreed to
- 02/12/18 Senate: Engrossed by Senate as amended SB974E
- 02/12/18 Senate: Printed as engrossed 18105587D-E
- 02/12/18 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/12/18 Senate: Passed Senate (40-Y 0-N)
- 02/15/18 House: Placed on Calendar
- 02/15/18 House: Read first time
- 02/15/18 House: Referred to Committee on Commerce and Labor
- 02/20/18 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/22/18 House: Read second time
- 02/23/18 House: Read third time
- 02/23/18 House: Passed House BLOCK VOTE (98-Y 0-N)
- 02/23/18 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 02/27/18 Senate: Enrolled
- 02/27/18 Senate: Bill text as passed Senate and House (SB974ER)
- 02/27/18 House: Signed by Speaker
- 03/02/18 Senate: Signed by President
- 03/05/18 Senate: Enrolled Bill Communicated to Governor on March 5, 2018
- 03/05/18 Governor: Governor's Action Deadline Midnight, April 9, 2018
- 03/19/18 Governor: Approved by Governor-Chapter 308 (effective 7/1/18)
- 03/19/18 Governor: Acts of Assembly Chapter text (CHAP0308)