VA SB131 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 13 2010 - 100% progression
Action: 2010-03-13 - Governor: Acts of Assembly Chapter text (CHAP0171)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 13 2010 - 100% progression
Action: 2010-03-13 - Governor: Acts of Assembly Chapter text (CHAP0171)
Text: Latest bill text (Chaptered) [HTML]
Summary
Virginia Nonstock Corporation Act. Conforms provisions of the Virginia Nonstock Corporation Act to revisions to the Model Business Corporation Act prepared by the Business Law Section of the American Bar Association, and makes several technical or clarifying revisions. Provisions (i) expand the governing of electronic transmission of notices and other communications; (ii) provide that notice to a member that is sent by U.S. mail is effective upon deposit in the U.S. mail; currently, such mailings to members are effective five days after mailing; (iii) require words in communications to be in the English language, unless otherwise agreed; (iv) permit a board of directors to establish separate record dates for determining members entitled to notices of, and to vote at, meetings; (v) allow members to participate remotely in members' meetings; (vi) repeal the existing provision that limits the power of the board of directors to alter the board's size to an amount not greater than 30 percent of its existing size; (vii) confirm the authority of a board of directors to require the corporation to provide indemnity, including advancement and reimbursement; (viii) authorize a corporation to obligate itself to provide indemnification, and advance funds to pay for or reimburse expenses, in advance of the act or omission giving rise to a proceeding; and (ix) correct cross-references.
Title
Nonstock Corporation Act; conforms revisions to Model Business Corporation Act.
Sponsors
Roll Calls
2010-03-13 - House - House: VOTE: --- ADOPTION (93-Y 0-N 1-A) (Y: 95 N: 0 NV: 6 Abs: 1) [PASS]
2010-03-12 - Senate - Senate: Senate concurred in Governor's recommendation (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2010-02-23 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-18 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-29 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-27 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-25 - Senate - Senate: Reported from Commerce and Labor (12-Y 0-N) (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]
2010-03-12 - Senate - Senate: Senate concurred in Governor's recommendation (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2010-02-23 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 101 N: 0 NV: 0 Abs: 0) [PASS]
2010-02-18 - House - House: Reported from Commerce and Labor (22-Y 0-N) (Y: 22 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-29 - Senate - Senate: Read third time and passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-27 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2010-01-25 - Senate - Senate: Reported from Commerce and Labor (12-Y 0-N) (Y: 12 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2010-03-13 | Governor: Acts of Assembly Chapter text (CHAP0171) | |
| 2010-03-13 | House: Enacted, Chapter 171 (effective 7/1/10) | |
| 2010-03-13 | Senate: Signed by President as reenrolled | |
| 2010-03-13 | House: Signed by Speaker as reenrolled | |
| 2010-03-13 | Senate: Reenrolled bill text (SB131ER2) | |
| 2010-03-13 | House: Reenrolled | |
| 2010-03-13 | Governor: Governor's recommendation adopted | |
| 2010-03-13 | House: VOTE: --- ADOPTION (93-Y 0-N 1-A) | |
| 2010-03-13 | House: House concurred in Governor's recommendation (93-Y 0-N 1-A) | |
| 2010-03-13 | House: Passed by temporarily | |
| 2010-03-12 | Senate: Senate concurred in Governor's recommendation (38-Y 0-N) | |
| 2010-03-11 | Senate: Placed on Calendar | |
| 2010-03-11 | Senate: Governor's recommendation received by Senate | |
| 2010-03-02 | Senate: Signed by President | |
| 2010-03-01 | House: Signed by Speaker | |
| 2010-03-01 | Senate: Bill text as passed Senate and House (SB131ER) | |
| 2010-03-01 | Senate: Enrolled | |
| 2010-02-23 | House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) | |
| 2010-02-23 | House: Passed House BLOCK VOTE (99-Y 0-N) | |
| 2010-02-23 | House: Read third time | |
| 2010-02-22 | House: Read second time | |
| 2010-02-18 | House: Reported from Commerce and Labor (22-Y 0-N) | |
| 2010-02-08 | House: Referred to Committee on Commerce and Labor | |
| 2010-02-08 | House: Read first time | |
| 2010-02-08 | House: Placed on Calendar | |
| 2010-01-29 | Senate: Read third time and passed Senate (40-Y 0-N) | |
| 2010-01-28 | Senate: Read second time and engrossed | |
| 2010-01-27 | Senate: Constitutional reading dispensed (40-Y 0-N) | |
| 2010-01-25 | Senate: Reported from Commerce and Labor (12-Y 0-N) | |
| 2010-01-08 | Senate: Referred to Committee on Commerce and Labor | |
| 2010-01-08 | Senate: Prefiled and ordered printed; offered 01/13/10 10100413D |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 13 | 1 | 803 | (n/a) | See Bill Text |
| 13 | 1 | 804 | (n/a) | See Bill Text |
| 13 | 1 | 810 | (n/a) | See Bill Text |
| 13 | 1 | 813 | (n/a) | See Bill Text |
| 13 | 1 | 823 | (n/a) | See Bill Text |
| 13 | 1 | 842 | (n/a) | See Bill Text |
| 13 | 1 | 844.2 | (n/a) | See Bill Text |
| 13 | 1 | 845 | (n/a) | See Bill Text |
| 13 | 1 | 847 | (n/a) | See Bill Text |
| 13 | 1 | 847.1 | (n/a) | See Bill Text |
| 13 | 1 | 855 | (n/a) | See Bill Text |
| 13 | 1 | 866 | (n/a) | See Bill Text |
| 13 | 1 | 878 | (n/a) | See Bill Text |
| 13 | 1 | 883 | (n/a) | See Bill Text |
| 13 | 1 | 939 | (n/a) | See Bill Text |
