Virginia House Bill 155 (Prior Session Legislation)

---

Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 10 2020 - 100% progression
Action: 2020-03-10 - Governor: Acts of Assembly Chapter text (CHAP0239)
Text: Latest bill text (Chaptered) [HTML]

Banks; trust subsidiaries. Establishes a mechanism by which a subsidiary bank of a Virginia bank holding company that holds trust powers may be substituted in every fiduciary capacity for a trust subsidiary under common ownership with that bank. Such mechanism follows the existing procedures by which (i) a subsidiary bank may be substituted as fiduciary for another bank under common ownership and (ii) a trust subsidiary may be substituted as fiduciary for an owning or affiliated bank. In each case, the determination as to whether the application for substitution will be granted is made by the circuit court of the jurisdiction in which the main office of the petitioning bank or trust subsidiary is located.

Banks; trust subsidiaries.

Del. Mark Sickles [D]

2020-02-20 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-17 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-29 - House - House: VOTE: (98-Y 0-N) (Y: 98 N: 0 NV: 2 Abs: 0) [PASS]
2020-01-23 - House - House: Reported from Labor and Commerce (20-Y 0-N) (Y: 20 N: 0 NV: 2 Abs: 0) [PASS]

Date	Chamber	Action
2020-03-10		Governor: Acts of Assembly Chapter text (CHAP0239)
2020-03-10		Governor: Approved by Governor-Chapter 239 (effective 7/1/20)
2020-03-03		Governor: Governor's Action Deadline 11:59 p.m., March 10, 2020
2020-03-03	House	Enrolled Bill communicated to Governor on March 3, 2020
2020-02-26	Senate	Signed by President
2020-02-25	House	Signed by Speaker
2020-02-25	House	Bill text as passed House and Senate (HB155ER)
2020-02-25	House	Enrolled
2020-02-20	Senate	Passed Senate (40-Y 0-N)
2020-02-20	Senate	Read third time
2020-02-19	Senate	Constitutional reading dispensed (39-Y 0-N)
2020-02-17	Senate	Reported from Commerce and Labor (15-Y 0-N)
2020-01-30	Senate	Referred to Committee on Commerce and Labor
2020-01-30	Senate	Constitutional reading dispensed
2020-01-29	House	VOTE: (98-Y 0-N)
2020-01-29	House	Read third time and passed House BLOCK VOTE (98-Y 0-N)
2020-01-28	House	Read second time and engrossed
2020-01-28	House	Passed by temporarily
2020-01-27	House	Read first time
2020-01-23	House	Reported from Labor and Commerce (20-Y 0-N)
2019-12-20	House	Referred to Committee on Labor and Commerce
2019-12-20	House	Prefiled and ordered printed; offered 01/08/20 20101596D

Chapter	Article	Section	Citation Type	Statute Text
6	2	1047	(n/a)	See Bill Text
6	2	1059	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+HB155
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB155+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+HB155ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?201+ful+CHAP0239+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+H14V0044+HB0155
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+HV0184+HB0155
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+S02V0180+HB0155
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0734HB0155+HB0155
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?201+vot+SV0751HB0155+HB0155