Virginia House Bill 1044 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 7 2014 - 100% progression
Action: 2014-03-07 - Governor: Acts of Assembly Chapter text (CHAP0219)
Text: Latest bill text (Chaptered) [HTML]

Banks; director ownership of shares. Provides that a bank director shall be deemed to be the sole owner of, and have in his personal possession or control, shares of stock that are (i) held through a brokerage account or similar arrangement, provided that the director retains sole beneficial ownership and sole legal control over the shares; (ii) held jointly or as a tenant in common, but only to the extent of the book value of the shares divided by the number of joint or tenant in common holders; (iii) deposited by the director in a living trust, or inter vivos trust, as to which the director is the sole trustee and retains an absolute power of revocation; or (iv) held through a profit-sharing plan, individual retirement account, retirement plan, or similar arrangement, provided that the director retains sole beneficial ownership and sole legal control over the shares. Such shares of stock in the bank of which the individual is a director may be used to determine if the director meets the requirement that he own and have in his personal possession or control shares of such stock with a book value of not less than $5,000. The measure also corrects a reference to the par value, rather than the book value, of such stock.

Banks; bank director's ownership of shares.

Del. Barbara Comstock [R]

2014-02-20 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-19 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2014-02-17 - Senate - Senate: Reported from Commerce and Labor (16-Y 0-N) (Y: 16 N: 0 NV: 0 Abs: 0) [PASS]
2014-01-22 - House - House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N) (Y: 99 N: 0 NV: 3 Abs: 0) [PASS]
2014-01-16 - House - House: Reported from Commerce and Labor with substitute (21-Y 0-N) (Y: 22 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2014-03-07		Governor: Acts of Assembly Chapter text (CHAP0219)
2014-03-07		Governor: Approved by Governor-Chapter 219 (effective 7/1/14)
2014-02-26	Senate	Signed by President
2014-02-24	House	Signed by Speaker
2014-02-24	House	Bill text as passed House and Senate (HB1044ER)
2014-02-24	House	Enrolled
2014-02-20	Senate	Passed Senate (40-Y 0-N)
2014-02-20	Senate	Read third time
2014-02-19	Senate	Constitutional reading dispensed (40-Y 0-N)
2014-02-17	Senate	Reported from Commerce and Labor (16-Y 0-N)
2014-01-23	Senate	Referred to Committee on Commerce and Labor
2014-01-23	Senate	Constitutional reading dispensed
2014-01-22	House	VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
2014-01-22	House	Read third time and passed House BLOCK VOTE (97-Y 0-N)
2014-01-21	House	Engrossed by House - committee substitute HB1044H1
2014-01-21	House	Committee substitute agreed to 14103975D-H1
2014-01-21	House	Read second time
2014-01-20	House	Read first time
2014-01-16	House	Committee substitute printed 14103975D-H1
2014-01-16	House	Reported from Commerce and Labor with substitute (21-Y 0-N)
2014-01-08	House	Referred to Committee on Commerce and Labor
2014-01-08	House	Prefiled and ordered printed; offered 01/08/14 14103591D

SB359 (Same As) 2014-03-05 - Governor: Acts of Assembly Chapter text (CHAP0156)

Chapter	Article	Section	Citation Type	Statute Text
6	2	862	(n/a)	See Bill Text
6	2	863	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?141+sum+HB1044
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB1044+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB1044H1+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+HB1044ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?141+ful+CHAP0219+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+H14V0019+HB1044
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+HV0130+HB1044
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+S02V0070+HB1044
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+SV0464HB1044+HB1044
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?141+vot+SV0473HB1044+HB1044