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HB789

Banks; stock ownership by directors.

Status:
Enacted

Chief Patron:
Mark Keam (D)

Session:
2018 Regular Session

Summary

As Introduced. Banks; stock ownership by directors.

Provides that a bank director is deemed to be the sole owner of shares in the bank that are deposited by the director in a living trust, or inter vivos trust, as to which the director is a trustee and retains an absolute power of revocation. Currently, a director is deemed to be the sole owner of shares that are deposited in such a trust only if the director is the sole trustee of the trust. This bill is identical to SB 260. (Less)

  • Bill History

  • 01/09/2018 - House: Prefiled and ordered printed; offered 01/10/18 18102279D
  • 01/09/2018 - House: Referred to Committee on Commerce and Labor
  • 01/12/2018 - House: Impact statement from SCC (HB789)
  • 01/18/2018 - House: Reported from Commerce and Labor (22-Y 0-N)
  • 01/22/2018 - House: Read first time
  • 01/23/2018 - House: Read second time and engrossed
  • 01/24/2018 - House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
  • 01/24/2018 - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
  • 01/25/2018 - Senate: Constitutional reading dispensed
  • 01/25/2018 - Senate: Referred to Committee on Commerce and Labor
  • 02/19/2018 - Senate: Reported from Commerce and Labor (11-Y 0-N)
  • 02/21/2018 - Senate: Constitutional reading dispensed (40-Y 0-N)
  • 02/22/2018 - Senate: Read third time
  • 02/22/2018 - Senate: Passed Senate (40-Y 0-N)
  • 02/26/2018 - House: Enrolled
  • 02/26/2018 - House: Bill text as passed House and Senate (HB789ER)
  • 02/26/2018 - House: Signed by Speaker
  • 02/27/2018 - House: Impact statement from SCC (HB789ER)
  • 02/28/2018 - Senate: Signed by President
  • 03/02/2018 - House: Enrolled Bill communicated to Governor on March 2, 2018
  • 03/02/2018 - Governor: Governor's Action Deadline Midnight, March 9, 2018
  • 03/09/2018 - Governor: Approved by Governor-Chapter 262 (effective 7/1/18)
  • 03/09/2018 - Governor: Acts of Assembly Chapter text (CHAP0262)

Full text and vote history:

Virginia Legislative Information System

RichmondSunlight.com

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