Virginia Senate Bill 1356 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 22 2011 - 100% progression
Action: 2011-03-22 - Governor: Acts of Assembly Chapter text (CHAP0379)
Text: Latest bill text (Chaptered) [HTML]

Limited liability companies; derivative actions. Removes a provision that allows a member of a limited liability company to bring a derivative action without first demanding that the members or managers of the limited liability company bring the action if an effort to cause the members or managers to bring the action is not likely to succeed. Without this "futility" exception, a member will be required in every case to make a demand on the limited liability company before bringing a derivative action. A member shall not bring a derivative proceeding unless he fairly and adequately represents the interests of the limited liability company and is a proper plaintiff.

Limited liability companies; derivative actions.

Sen. Walter Stosch [R]

2011-02-23 - Senate - Senate: House amendment agreed to by Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2011-02-22 - House - House: VOTE: PASSAGE (96-Y 0-N) (Y: 98 N: 0 NV: 3 Abs: 0) [PASS]
2011-02-17 - House - House: Reported from Commerce and Labor with amendment (21-Y 1-N) (Y: 21 N: 1 NV: 0 Abs: 0) [PASS]
2011-01-21 - Senate - Senate: Passed Senate (35-Y 0-N) (Y: 35 N: 0 NV: 5 Abs: 0) [PASS]
2011-01-21 - Senate - Senate: Reconsideration of passage agreed to by Senate (35-Y 0-N) (Y: 35 N: 0 NV: 5 Abs: 0) [PASS]
2011-01-21 - Senate - Senate: Read third time and passed Senate (35-Y 0-N) (Y: 35 N: 0 NV: 5 Abs: 0) [PASS]
2011-01-19 - Senate - Senate: Constitutional reading dispensed (38-Y 0-N) (Y: 38 N: 0 NV: 2 Abs: 0) [PASS]
2011-01-17 - Senate - Senate: Reported from Commerce and Labor (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2011-03-22		Governor: Acts of Assembly Chapter text (CHAP0379)
2011-03-22		Governor: Approved by Governor-Chapter 379 (effective 7/1/11)
2011-03-06		Senate: Signed by President
2011-03-03		House: Signed by Speaker
2011-03-03		Senate: Bill text as passed Senate and House (SB1356ER)
2011-03-03		Senate: Enrolled
2011-02-23		Senate: House amendment agreed to by Senate (40-Y 0-N)
2011-02-22		House: VOTE: PASSAGE (96-Y 0-N)
2011-02-22		House: Passed House with amendment (96-Y 0-N)
2011-02-22		House: Engrossed by House as amended
2011-02-22		House: Committee amendment agreed to
2011-02-22		House: Read third time
2011-02-21		House: Read second time
2011-02-17		House: Reported from Commerce and Labor with amendment (21-Y 1-N)
2011-02-07		House: Referred to Committee on Commerce and Labor
2011-02-07		House: Read first time
2011-02-07		House: Placed on Calendar
2011-01-21		Senate: Passed Senate (35-Y 0-N)
2011-01-21		Senate: Reconsideration of passage agreed to by Senate (35-Y 0-N)
2011-01-21		Senate: Read third time and passed Senate (35-Y 0-N)
2011-01-20		Senate: Read second time and engrossed
2011-01-19		Senate: Constitutional reading dispensed (38-Y 0-N)
2011-01-17		Senate: Reported from Commerce and Labor (14-Y 0-N)
2011-01-12		Senate: Referred to Committee on Commerce and Labor
2011-01-12		Senate: Prefiled and ordered printed; offered 01/12/11 11102336D

Chapter	Article	Section	Citation Type	Statute Text
13	1	1042	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?111+sum+SB1356
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB1356+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+SB1356ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?111+ful+CHAP0379+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+S02V0021+SB1356
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0043SB1356+SB1356
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0058SB1356+SB1356
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0060SB1356+SB1356
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0061SB1356+SB1356
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+H14V0138+SB1356
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+HV1243+SB1356
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?111+vot+SV0656SB1356+SB1356