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2023 SESSION
SB 986 Corporations; filing and meeting requirements.
Introduced by: Mark J. Peake | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Corporations; filing and meeting requirements. Eliminates the requirement that a document filed with the State Corporation Commission pursuant to the Virginia Stock Corporation Act include the terms, including the preferences, rights, and limitations, of each class or series of shares. The bill changes the timeframe during which a corporation must make available for inspection the shareholders list prepared for a shareholders' meeting from two business days after notice of such shareholders' meeting through such shareholders' meeting to five business days after notice of such shareholders' meeting through the close of business on the last business day before such shareholders' meeting. Finally, the bill eliminates the requirement that a corporation make available for inspection at either an in-person shareholders' meeting or a remote shareholders' meeting the list of shareholders entitled to vote at such shareholders' meeting. This bill is identical to HB 1477.
FULL TEXT
- 01/06/23 Senate: Prefiled and ordered printed; offered 01/11/23 23103034D pdf | impact statement
- 02/16/23 Senate: Bill text as passed Senate and House (SB986ER) pdf | impact statement
- 03/26/23 Governor: Acts of Assembly Chapter text (CHAP0530) pdf
HISTORY
- 01/06/23 Senate: Prefiled and ordered printed; offered 01/11/23 23103034D
- 01/06/23 Senate: Referred to Committee on Commerce and Labor
- 01/16/23 Senate: Reported from Commerce and Labor (14-Y 0-N 1-A)
- 01/18/23 Senate: Constitutional reading dispensed (37-Y 0-N)
- 01/19/23 Senate: Read second time and engrossed
- 01/20/23 Senate: Passed by for the day
- 01/23/23 Senate: Read third time and passed Senate (38-Y 0-N)
- 02/08/23 House: Placed on Calendar
- 02/08/23 House: Read first time
- 02/08/23 House: Referred to Committee on Commerce and Energy
- 02/09/23 House: Reported from Commerce and Energy (21-Y 0-N)
- 02/13/23 House: Read second time
- 02/14/23 House: Passed House BLOCK VOTE (99-Y 0-N)
- 02/14/23 House: VOTE: Block Vote Passage (99-Y 0-N)
- 02/16/23 Senate: Enrolled
- 02/16/23 Senate: Bill text as passed Senate and House (SB986ER)
- 02/16/23 Senate: Signed by President
- 02/16/23 House: Signed by Speaker
- 03/02/23 Senate: Enrolled Bill Communicated to Governor on March 2, 2023
- 03/02/23 Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
- 03/26/23 Governor: Approved by Governor-Chapter 530 (effective 7/1/23)
- 03/26/23 Governor: Acts of Assembly Chapter text (CHAP0530)