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1995 SESSION

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SB 845 Commercial Code; investment securities.

Introduced by: Robert L. Calhoun | all patrons    ...    notes | add to my profiles

SUMMARY:

Commercial Code; Article 8; investment securities. Adopts substantial revisions to former Article 8 in recognition of the development of the system by which securities are held by securities intermediaries and the growth and development of the uncertificated securities system. Corresponding amendments are made to other articles of the UCC, particularly Article 9, and the Uniform Act for the Simplification of Fiduciary Security Transfers is repealed. The bill is to become effective January 1, 1996, and is recommended by the Virginia Commissioners to the National Conference of Commissioners on Uniform State Laws.

FULL TEXT

• 01/19/95  Senate: Presented & ordered printed LD4778288  pdf

HISTORY

• 01/19/95  Senate: Presented & ordered printed LD4778288
• 01/19/95  Senate: Referred to Committee on Commerce and Labor
• 02/07/95  Senate: Left in Commerce and Labor