Virginia Senate Bill 986 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Passed on March 26 2023 - 100% progression
Action: 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0530)
Text: Latest bill text (Chaptered) [HTML]

Corporations; filing and meeting requirements. Eliminates the requirement that a document filed with the State Corporation Commission pursuant to the Virginia Stock Corporation Act include the terms, including the preferences, rights, and limitations, of each class or series of shares. The bill changes the timeframe during which a corporation must make available for inspection the shareholders list prepared for a shareholders' meeting from two business days after notice of such shareholders' meeting through such shareholders' meeting to five business days after notice of such shareholders' meeting through the close of business on the last business day before such shareholders' meeting. Finally, the bill eliminates the requirement that a corporation make available for inspection at either an in-person shareholders' meeting or a remote shareholders' meeting the list of shareholders entitled to vote at such shareholders' meeting.

Corporations; filing and meeting requirements.

Sen. Mark Peake [R]

2023-02-14 - House - House: VOTE: Block Vote Passage (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 1) [PASS]
2023-02-09 - House - House: Reported from Commerce and Energy (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2023-01-23 - Senate - Senate: Read third time and passed Senate (38-Y 0-N) (Y: 38 N: 0 NV: 0 Abs: 2) [PASS]
2023-01-18 - Senate - Senate: Constitutional reading dispensed (37-Y 0-N) (Y: 37 N: 0 NV: 0 Abs: 2) [PASS]
2023-01-16 - Senate - Senate: Reported from Commerce and Labor (14-Y 0-N 1-A) (Y: 14 N: 0 NV: 1 Abs: 0) [PASS]

Date	Chamber	Action
2023-03-26		Governor: Acts of Assembly Chapter text (CHAP0530)
2023-03-26		Governor: Approved by Governor-Chapter 530 (effective 7/1/23)
2023-03-02		Governor: Governor's Action Deadline 11:59 p.m., March 27, 2023
2023-03-02	Senate	Enrolled Bill Communicated to Governor on March 2, 2023
2023-02-16	House	Signed by Speaker
2023-02-16	Senate	Signed by President
2023-02-16	Senate	Bill text as passed Senate and House (SB986ER)
2023-02-16	Senate	Enrolled
2023-02-14	House	VOTE: Block Vote Passage (99-Y 0-N)
2023-02-14	House	Passed House BLOCK VOTE (99-Y 0-N)
2023-02-13	House	Read second time
2023-02-09	House	Reported from Commerce and Energy (21-Y 0-N)
2023-02-08	House	Referred to Committee on Commerce and Energy
2023-02-08	House	Read first time
2023-02-08	House	Placed on Calendar
2023-01-23	Senate	Read third time and passed Senate (38-Y 0-N)
2023-01-20	Senate	Passed by for the day
2023-01-19	Senate	Read second time and engrossed
2023-01-18	Senate	Constitutional reading dispensed (37-Y 0-N)
2023-01-16	Senate	Reported from Commerce and Labor (14-Y 0-N 1-A)
2023-01-06	Senate	Referred to Committee on Commerce and Labor
2023-01-06	Senate	Prefiled and ordered printed; offered 01/11/23 23103034D

HB1477 (Same As) 2023-03-26 - Governor: Acts of Assembly Chapter text (CHAP0529)

Chapter	Article	Section	Citation Type	Statute Text
13	1	604	(n/a)	See Bill Text
13	1	614	(n/a)	See Bill Text
13	1	661	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?231+sum+SB986
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB986+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+SB986ER+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?231+ful+CHAP0530+hil
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB986F171+PDF
Supplement	https://lis.virginia.gov/cgi-bin/legp604.exe?231+oth+SB986FER171+PDF
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+S02V0012+SB0986
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0039SB0986+SB0986
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+SV0078SB0986+SB0986
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+H23V0126+SB0986
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?231+vot+HV1772+SB0986