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ACROSS SESSIONS
- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
1999 SESSION
HB 841 Prudent Investor Act; created.
Introduced by: Whittington W. Clement | all patrons ... notes | add to my profiles
SUMMARY AS PASSED HOUSE: (all summaries)
Uniform Prudent Investor Act. Adopts the uniform act, which is intended to facilitate reasonable investment practices by trustees. The bill adopts a standard of prudence which is applied to an investment as part of a total portfolio rather than to the individual investment; makes the fiduciary’s central consideration an evaluation of risk versus return; allows investment in anything that meets the requirements of prudent investing; recognizes the need for diversification; and allows delegation of investment and management functions.
This bill is recommended by the Virginia Commissioners to the National Conference of Commissioners on Uniform State Laws.
FULL TEXT
- 01/26/98 House: Presented & ordered printed 983751152 pdf
- 12/22/98 House: Introduced bill reprinted 983751152 pdf
- 12/22/98 House: Committee substitute printed 992016512-H1 pdf
- 02/24/99 House: Bill text as passed House and Senate (HB841ER) pdf
- 04/08/99 Governor: Acts of Assembly Chapter text (CHAP0772) pdf
AMENDMENTS
HISTORY
- 01/26/98 House: Presented & ordered printed 983751152
- 01/26/98 House: Referred to Committee on General Laws
- 01/27/98 House: Assigned to General Laws sub-committee: 5
- 02/05/98 House: Reported from General Laws (26-Y 0-N)
- 02/05/98 House: Referred to Committee for Courts of Justice
- 02/09/98 House: Assigned to C. J. sub-committee: 2
- 02/12/98 House: Continued to 1999 in Courts of Justice (24-Y 0-N)
- 11/23/98 House: Reported from C. J. with substitute (20-Y 4-N)
- 12/22/98 House: Introduced bill reprinted 983751152
- 12/22/98 House: Committee substitute printed 992016512-H1
- 01/14/99 House: Read first time
- 01/15/99 House: Passed by for the day
- 01/18/99 House: Passed by for the day
- 01/19/99 House: Passed by for the day
- 01/20/99 House: Passed by for the day
- 01/21/99 House: Read second time
- 01/21/99 House: Committee substitute agreed to 992016512-H1
- 01/21/99 House: Engrossed by House - com. sub. 992016512-H1
- 01/22/99 House: Passed by for the day
- 01/25/99 House: Read third time and passed House (92-Y 7-N)
- 01/25/99 House: VOTE: PASSAGE (92-Y 7-N)
- 01/25/99 House: Communicated to Senate
- 01/26/99 Senate: Constitutional reading dispensed
- 01/26/99 Senate: Referred to Committee for Courts of Justice
- 02/09/99 Senate: Assigned to C. J. sub-committee: Civil Law
- 02/10/99 Senate: Reported from Courts of Justice w/amds. (13-Y 1-N)
- 02/11/99 Senate: Constitutional reading dispensed (39-Y 0-N)
- 02/11/99 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/12/99 Senate: Read third time
- 02/12/99 Senate: Reading of amendments waived
- 02/12/99 Senate: Committee amendments agreed to
- 02/12/99 Senate: Engrossed by Senate as amended
- 02/12/99 Senate: Passed Senate with amendments (38-Y 1-N)
- 02/12/99 Senate: VOTE: PASSAGE (38-Y 1-N)
- 02/15/99 House: Placed on Calendar
- 02/16/99 House: Senate amendments agreed to by House (97-Y 0-N)
- 02/16/99 House: VOTE: ADOPTION (97-Y 0-N)
- 02/24/99 House: Bill text as passed House and Senate (HB841ER)
- 02/26/99 House: Enrolled
- 02/26/99 House: Signed by Speaker
- 02/26/99 Senate: Signed by President
- 03/28/99 Governor: Approved by Governor-Chapter 772 (effective 1/1/00)
- 04/08/99 Governor: Acts of Assembly Chapter text (CHAP0772)