VA HB1893 | 2017 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 10 2017 - 25% progression, died in committee
Action: 2017-02-07 - Left in Courts of Justice
Pending: House Courts of Justice Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Youth-controlled online businesses; registered office. Establishes a procedure through which a youth-controlled online business is exempted from the requirement that it establish and maintain a registered office for its first year of existence. If it avails itself of this procedure, process will be delivered to the clerk of the State Corporation Commission (the Commission). Upon such delivery, the clerk of the Commission is required to contact the registered agent of the youth-controlled online business at his email address, and the registered agent is given 10 days to accept the service. The measure defines a youth-controlled online business as a domestic stock corporation in which a majority of the members of the board of directors were, on the effective date of its incorporation, between the ages of 18 and 25 or a domestic limited liability company in which a majority of the managers of a manager-managed limited liability company or a majority of the members of a member-managed limited liability company were, on the effective date of its formation, between the ages of 18 and 25, and which entity corporation or limited liability company conducts a commercial enterprise through which it sells products, services, or advertising online using the communications infrastructure of the Internet, and further provided that its commercial establishment is not operated from a specific, identifiable, or dedicated office or other structure.

Tracking Information

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Title

Youth-controlled online businesses; registered office.

Sponsors


History

DateChamberAction
2017-02-07HouseLeft in Courts of Justice
2017-02-01HouseSubcommittee recommends laying on the table by voice vote
2017-01-31HouseAssigned Courts sub: Civil Law
2017-01-30HouseReferred to Committee for Courts of Justice
2017-01-30HouseReferred from Science and Technology by voice vote
2017-01-10HouseReferred to Committee on Science and Technology
2017-01-10HousePrefiled and ordered printed; offered 01/11/17 17101502D

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
12119.2(n/a)See Bill Text
1311011(n/a)See Bill Text
1311015(n/a)See Bill Text
131619(n/a)See Bill Text
131634(n/a)See Bill Text

Virginia State Sources


Bill Comments

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