Virginia House Bill 1559 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 9 2018 - 100% progression
Action: 2018-03-09 - Governor: Acts of Assembly Chapter text (CHAP0267)
Text: Latest bill text (Chaptered) [HTML]

Stock corporations; action by shareholders without meeting. Creates an exception to the provision that authorizes shareholders of a corporation to act without a meeting by less than unanimous written consent of the shareholders. The exception states that if the articles of incorporation or bylaws of a public corporation allow the holders of 30 percent or fewer of all votes entitled to be cast to demand the calling of a special meeting of shareholders, such provision authorizing less-than-unanimous shareholder action shall not apply. A public corporation is a corporation that has shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association. The measure does not apply if a public corporation's articles of incorporation authorized action by shareholders by less than unanimous consent as of April 1, 2018. This bill is identical to SB 974.

Action without a meeting; articles of incorporation of a public corporation.

Del. Israel O'Quinn [R]

2018-02-22 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-21 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-19 - Senate - Senate: Reported from Commerce and Labor (11-Y 0-N) (Y: 11 N: 0 NV: 0 Abs: 0) [PASS]
2018-02-05 - House - House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (Y: 98 N: 0 NV: 2 Abs: 0) [PASS]
2018-01-30 - House - House: Reported from Commerce and Labor with amendments (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2018-03-09		Governor: Acts of Assembly Chapter text (CHAP0267)
2018-03-09		Governor: Approved by Governor-Chapter 267 (effective 7/1/18)
2018-03-02		Governor: Governor's Action Deadline Midnight, March 9, 2018
2018-03-02	House	Enrolled Bill communicated to Governor on March 2, 2018
2018-02-28	Senate	Signed by President
2018-02-26	House	Signed by Speaker
2018-02-26	House	Bill text as passed House and Senate (HB1559ER)
2018-02-26	House	Enrolled
2018-02-22	Senate	Passed Senate (40-Y 0-N)
2018-02-22	Senate	Read third time
2018-02-21	Senate	Constitutional reading dispensed (40-Y 0-N)
2018-02-19	Senate	Reported from Commerce and Labor (11-Y 0-N)
2018-02-06	Senate	Referred to Committee on Commerce and Labor
2018-02-06	Senate	Constitutional reading dispensed
2018-02-05	House	VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
2018-02-05	House	Read third time and passed House BLOCK VOTE (98-Y 0-N)
2018-02-02	House	Printed as engrossed 18105548D-E
2018-02-02	House	Engrossed by House as amended HB1559E
2018-02-02	House	Committee amendments agreed to
2018-02-02	House	Read second time
2018-02-01	House	Read first time
2018-01-30	House	Reported from Commerce and Labor with amendments (22-Y 0-N)
2018-01-19	House	Referred to Committee on Commerce and Labor
2018-01-19	House	Presented and ordered printed 18105548D

Chapter	Article	Section	Citation Type	Statute Text
13	1	657	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB1559
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB1559+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB1559E+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+HB1559ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?181+ful+CHAP0267+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+H14V0036+HB1559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+HV0334+HB1559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+S02V0150+HB1559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+SV0596HB1559+HB1559
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?181+vot+SV0620HB1559+HB1559