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1996 SESSION
HB 589 Corporations; general powers and special kinds of business.
Introduced by: W. Tayloe Murphy, Jr. | all patrons ... notes | add to my profiles
SUMMARY:
Corporations; general powers. Authorizes public service companies to enter into joint ventures or similar business associations subject to the following limitations: (i) the ventures must encompass activities in which public service companies could independently engage, (ii) public service company equity and debt with recourse in any single venture may not exceed one percent of equity, and (iii) total public service company equity and debt with recourse in all such joint ventures or associations may not exceed five percent of net equity. All such ventures are subject to approval by the Virginia State Corporation Commission.
FULL TEXT
- 01/19/96 House: Presented & ordered printed 963351376 pdf
- 02/06/96 House: Committee substitute printed 961054376-H1 pdf
- 02/28/96 House: Bill text as passed House and Senate (HB589ER) pdf
- 03/25/96 Governor: Acts of Assembly Chapter text (CHAP0257) pdf
HISTORY
- 01/19/96 House: Presented & ordered printed 963351376
- 01/19/96 House: Referred to Committee on Corporations, Insurance and Banking
- 02/06/96 House: Reported from C. I. B. w/sub. (19-Y 2-N)
- 02/06/96 House: Committee substitute printed 961054376-H1
- 02/07/96 House: Read first time
- 02/08/96 House: Read second time
- 02/08/96 House: Committee substitute agreed to 961054376-H1
- 02/08/96 House: Engrossed by House - com. sub. 961054376-H1
- 02/09/96 House: Read third time and passed House (93-Y 4-N)
- 02/09/96 House: VOTE: PASSAGE (93-Y 4-N)
- 02/09/96 House: Communicated to Senate
- 02/12/96 Senate: Read first time
- 02/12/96 Senate: Referred to Committee on Commerce and Labor
- 02/19/96 Senate: Reported from Commerce and Labor (14-Y 1-N)
- 02/20/96 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/96 Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
- 02/21/96 Senate: Read third time
- 02/21/96 Senate: Passed Senate (40-Y 0-N)
- 02/21/96 Senate: VOTE: PASSAGE (40-Y 0-N)
- 02/28/96 House: Bill text as passed House and Senate (HB589ER)
- 03/06/96 House: Enrolled
- 03/06/96 House: Signed by Speaker
- 03/07/96 Senate: Signed by President
- 03/19/96 Governor: Approved by Governor-Chapter 257 (effective 7/1/96)
- 03/25/96 Governor: Acts of Assembly Chapter text (CHAP0257)