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1997 SESSION
HB 2086 Securities; registration exemptions, philanthropic organizations.
Introduced by: Harry R. Purkey | all patrons ... notes | add to my profiles
SUMMARY:
Securities; registration exemptions; philanthropic organizations. Reinstitutes the application of Virginia's securities laws to security offerings otherwise subject to the federal Philanthropy Protection Act of 1995. This federal law preempts state law concerning philanthropic organizations' securities offerings unless individual states, by positive legislative act, declare that this federal act will not preempt securities registration requirements otherwise applicable to philanthropic organizations. Pursuant to this bill, philanthropic organizations' securities offerings will be filed with the Virginia State Corporation's Securities Division, and these organizations will be required to comply with certain financial solvency and disclosure standards.
FULL TEXT
- 01/14/97 House: Presented & ordered printed 970576845 pdf
- 02/19/97 House: Bill text as passed House and Senate (HB2086ER) pdf
- 03/14/97 Governor: Acts of Assembly Chapter text (CHAP0145) pdf
HISTORY
- 01/14/97 House: Presented & ordered printed 970576845
- 01/14/97 House: Referred to Committee on Corporations, Insurance and Banking
- 01/16/97 House: Reported from Corp., Ins. & Banking (21-Y 0-N)
- 01/17/97 House: Read first time
- 01/20/97 House: Read second time and engrossed
- 01/21/97 House: Read third time and passed House (Block Vote) (100-Y 0-N)
- 01/21/97 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 01/21/97 House: Communicated to Senate
- 01/22/97 Senate: Constitutional reading dispensed (38-Y 1-N)
- 01/22/97 Senate: Referred to Committee on Commerce and Labor
- 02/10/97 Senate: Reported from Commerce and Labor (14-Y 0-N 1-A)
- 02/11/97 Senate: Const. reading disp., passed by for the day (40-Y 0-N)
- 02/11/97 Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
- 02/12/97 Senate: Read third time
- 02/12/97 Senate: Passed Senate (39-Y 0-N)
- 02/12/97 Senate: VOTE: PASSAGE (39-Y 0-N)
- 02/19/97 House: Bill text as passed House and Senate (HB2086ER)
- 02/25/97 House: Enrolled
- 02/25/97 Senate: Signed by President
- 02/26/97 House: Signed by Speaker
- 03/06/97 Governor: Approved by Governor-Chapter 145 (effective 7/1/97)
- 03/14/97 Governor: Acts of Assembly Chapter text (CHAP0145)