SB 246 — Virginia Nonstock Corporation Act; numerous revisions to Act, delayed effective date.
VA 20261 session
Virginia Nonstock Corporation Act. Provides for numerous revisions to the Virginia Nonstock Corporation Act. Among other revisions, the bill (i) authorizes certain actions to derive from its bylaws in addition to its articles of incorporation, (ii) makes changes to the process of amending articles of incorporation and bylaws, (iii) authorizes inclusion of an exclusive forum provision in the bylaws, (iv) permits transfer of membership interests, (v) authorizes members to bring derivative proceedings, (vi) permits a court to remove a director in certain circumstances, (vii) provides for abandonment of an amendment or restatement of the articles of incorporation, (viii) extends the current provisions related to mergers to include interest exchanges and to provide for parent-subsidiary mergers, (ix) replaces existing provisions on conversion with provisions based on the Virginia Stock Act, and (x) adds provisions governing charitable corporations and charitable assets, including the authority of the Office of the Attorney General with respect to such. The bill includes technical amendments and has a delayed effective date of January 1, 2027. This bill is identical to HB 439.
Latest action: — Acts of Assembly Chapter
Sponsors (1)
- Scott A. Surovell (D, VA) — sponsor
Action timeline (45)
- · senate · S4020 —
- · senate · S0201 —
- · senate · S8500 —
- · senate · S8122 —
- · senate · S0208 —
- · senate · S8122 —
- · senate · S4640 —
- · senate · S4150 —
- · senate · S4140 —
- · senate · S4160 —
- · senate · S4160 —
- · senate · S4120 —
- · senate · S4410 —
- · senate · S4600 —
- · senate · S4601 —
- · senate · S5000 —
- · senate · S8500 —
- · house · H5220 —
- · house · H4110 —
- · house · H1401 —
- · house · H1412 —
- · house · H8120 —
- · house · H1417 —
- · house · H1407 —
- · house · H4120 —
- · house · H4160 —
- · house · H4009 —
- · house · H8123 —
- · house · H4130 —
- · house · H4212 —
- · house · H4232 —
- · house · H4602 —
- · house · H5021 —
- · senate · S5431 —
- · senate · S5610 —
- · senate · S5601 —
- · senate · S5620 —
- · senate · S7010 —
- · G7010 —
- · house · H5620 —
- · senate · S7010 —
- · G7010 —
- · senate · S8500 —
- · G7050 —
- · G9998 —
Text versions (0)
No text versions on file yet — same ingest as the action timeline populates these. Each version has direct links to the XML / HTML / PDF at govinfo.gov.
Bill text (extracted)
Amendments
Congressional Research Service briefs (0)
CRS reports that cite this bill in their relatedMaterials — what Congress was reading on the topic. Click any report for its summary, formats, and bill-citation walk.
No CRS reports cite this bill yet.
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.
| # | Member | Role | Speeches | Voted | Score |
|---|---|---|---|---|---|
| 1 | Scott A. Surovell (D, state_upper VA) | sponsor | 0 | — | 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