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HB 316 — Virginia Stock Corporation Act; changes to Act.

VA 20261 session

Virginia Stock Corporation Act. Makes various changes to the Virginia Stock Corporation Act, many of which conform the Act to recent changes to the Model Business Corporation Act produced by the Corporate Laws Committee of the American Bar Association's Business Law Section. Among other things, the bill (i) addresses the authority of a board of directors to delegate authority with respect to the issuance of shares to a committee of the board and one or more of the corporation's officers, (ii) removes the requirement for the cessation of shareholder agreements when a corporation becomes a public corporation, (iii) requires a corporation to maintain in its records certain shareholder agreements, (iv) removes the requirement for a corporation to maintain its financial statements for the three most recent fiscal years, and (v) authorizes a corporation to submit a matter to a vote of its shareholders even if, after approving the matter, the board of directors determines it no longer recommends such matter. This bill is identical to SB 479.

Latest action: — Acts of Assembly Chapter

Sponsors (1)
Action timeline (42)
  1. · house · H4020 —
  2. · house · H1401 —
  3. · house · H1412 —
  4. · house · H8500 —
  5. · house · H8120 —
  6. · house · H1418 —
  7. · house · H1408 —
  8. · house · H4640 —
  9. · house · H8500 —
  10. · house · H4110 —
  11. · house · H4120 —
  12. · house · H4410 —
  13. · house · H4601 —
  14. · house · H5000 —
  15. · house · H4190 —
  16. · house · H5001 —
  17. · senate · S4140 —
  18. · senate · S0201 —
  19. · senate · S8122 —
  20. · senate · S0207 —
  21. · senate · S4150 —
  22. · senate · S4145 —
  23. · senate · S4160 —
  24. · senate · S4160 —
  25. · senate · S4130 —
  26. · senate · S4212 —
  27. · senate · S4602 —
  28. · senate · S5021 —
  29. · senate · S4190 —
  30. · senate · S5021 —
  31. · house · H5431 —
  32. · house · H5610 —
  33. · house · H5601 —
  34. · senate · S5620 —
  35. · house · H7010 —
  36. · G7010 —
  37. · house · H5620 —
  38. · house · H7010 —
  39. · G7010 —
  40. · house · H8500 —
  41. · G7050 —
  42. · G9998 —
Text versions (0)

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Bill text (extracted)
Amendments
Congressional Research Service briefs (0)

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Who matters on this bill

Who matters

Members ranked by combined influence on this bill: role (sponsor 5 / cosponsor 1), capped speech count from the Congressional Record, and recorded-vote engagement.

#MemberRoleSpeechesVotedScore
1Patrick A. Hope (D, state_lower VA)sponsor0—5
Stance (positions taken)

Predicted vote

Aggregated from: actual roll-call votes (when present) → sponsor → cosponsor → party median (predicts YES when ≥25% of the caucus sponsored/cosponsored). Each row labels its confidence tier so you can see why a position was predicted.

0 predicted yes (0%) · 543 predicted no (100%) · 0 unknown (0%)

By party: · R: 0 yes / 277 no · D: 0 yes / 263 no · I: 0 yes / 3 no

Timeline
News clips about this bill
Mentioned in /ask threads

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