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2016 SESSION

• | print version

SB 582 Credit unions; voluntary merger, merger application.

Introduced by: William M. Stanley, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Credit unions; voluntary mergers. Authorizes the State Corporation Commission (SCC), notwithstanding field of membership requirements, to approve a merger of two Virginia state-chartered credit unions if (i) at least one of the merging credit unions has fewer than 35,000 active members and (ii) neither of the merging credit unions has been a party to a merger pursuant to this exemption within the preceding 24 months. The field of membership of the surviving credit union may be composed of a combination of the fields of membership of the merging credit unions. This bill is identical to HB 874.

FULL TEXT

• 01/13/16  Senate: Prefiled and ordered printed; offered 01/13/16 16101266D  pdf | impact statement
• 02/15/16  Senate: Committee substitute printed 16105545D-S1  pdf | impact statement
• 02/16/16  Senate: Printed as engrossed 16105545D-ES1  pdf | impact statement
• 03/01/16  Senate: Bill text as passed Senate and House (SB582ER)  pdf | impact statement
• 04/04/16  Governor: Acts of Assembly Chapter text (CHAP0695)  pdf

AMENDMENTS

• House amendments
• House amendments engrossed
• Senate amendments

HISTORY

• 01/13/16  Senate: Prefiled and ordered printed; offered 01/13/16 16101266D
• 01/13/16  Senate: Referred to Committee on Commerce and Labor
• 02/15/16  Senate: Committee substitute printed 16105545D-S1
• 02/15/16  Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
• 02/16/16  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/16/16  Senate: Read second time
• 02/16/16  Senate: Reading of substitute waived
• 02/16/16  Senate: Committee substitute agreed to 16105545D-S1
• 02/16/16  Senate: Reading of amendment waived
• 02/16/16  Senate: Passed by temporarily
• 02/16/16  Senate: Amendment by Senator Stanley agreed to (19-Y 19-N)
• 02/16/16  Senate: Chair votes Yes
• 02/16/16  Senate: Amendment by Senator Stanley reconsidered (39-Y 0-N)
• 02/16/16  Senate: Amendment by Senator Stanley agreed to (23-Y 16-N)
• 02/16/16  Senate: Engrossed by Senate - committee substitute with amendment SB582ES1
• 02/16/16  Senate: Printed as engrossed 16105545D-ES1
• 02/16/16  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/16/16  Senate: Passed Senate (20-Y 19-N)
• 02/18/16  House: Placed on Calendar
• 02/18/16  House: Read first time
• 02/18/16  House: Referred to Committee on Commerce and Labor
• 02/23/16  House: Reported from Commerce and Labor with amendments (22-Y 0-N)
• 02/24/16  House: Read second time
• 02/25/16  House: Read third time
• 02/25/16  House: Committee amendments agreed to
• 02/25/16  House: Engrossed by House as amended
• 02/25/16  House: Passed House with amendments BLOCK VOTE (99-Y 0-N)
• 02/25/16  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/25/16  House: Reconsideration of House passage agreed to by House
• 02/25/16  House: Passed House with amendments BLOCK VOTE (100-0Y 0-N)
• 02/25/16  House: VOTE: BLOCK VOTE PASSAGE #2 (100-Y 0-N)
• 02/29/16  Senate: House amendments agreed to by Senate (32-Y 6-N)
• 03/01/16  Senate: Enrolled
• 03/01/16  Senate: Bill text as passed Senate and House (SB582ER)
• 03/01/16  House: Signed by Speaker
• 03/04/16  Senate: Signed by President
• 03/07/16  Senate: Enrolled Bill Communicated to Governor on 3/7/2016
• 03/07/16  Governor: Governor's Action Deadline Midnight, Sunday, April 10, 2016
• 04/04/16  Governor: Approved by Governor-Chapter 695 (effective 7/1/16)
• 04/04/16  Governor: Acts of Assembly Chapter text (CHAP0695)