Source: http://www.richmondsunlight.com/bill/2007/sb1286/
Timestamp: 2013-05-24 13:37:02
Document Index: 425938030

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Richmond Sunlight » 2007 » Nonstock Corporation Act; updates to make consistent with changes to Stock Corporation Act. (SB1286)
Nonstock Corporation Act; updates to make consistent with changes to Stock Corporation Act. (SB1286)
Virginia Nonstock Corporation Act. Updates the Virginia Nonstock Corporation Act to make several provisions consistent with changes to the Virginia Stock Corporation Act that were enacted in 2005, based upon recent amendments to the Model Business Corporation Act. Specific areas of substantive change include setting forth procedures for the approval of a business opportunity; defining "disinterested director"; permitting several corporate actions to be taken electronically; updating provisions regarding member voting and elections; staggering the terms of directors; indemnifying directors and officers; streamlining the process for combining corporations with other types of business entities; asserting claims against dissolved corporations; and confirming that provisions in corporate documents filed with the State Corporation Commission may be made dependent on statistical or market indices or other objectively ascertainable facts. Amends § 13.1-801, § 13.1-804, § 13.1-804.1, § 13.1-806, § 13.1-810.1, § 13.1-813, § 13.1-815, § 13.1-815.1, § 13.1-816, § 13.1-819, § 13.1-820, § 13.1-822, § 13.1-844.1, § 13.1-847.1, § 13.1-850, § 13.1-852, § 13.1-852.2, § 13.1-855, § 13.1-857, § 13.1-862, § 13.1-864, § 13.1-871.1, § 13.1-872, § 13.1-874, § 13.1-878, § 13.1-879.1, § 13.1-883, § 13.1-885, § 13.1-886, § 13.1-887.1, § 13.1-888, § 13.1-889, § 13.1-891, § 13.1-893.1, § 13.1-897, § 13.1-897.1, § 13.1-898.2, § 13.1-900, § 13.1-902, § 13.1-904, § 13.1-906, § 13.1-908.1, § 13.1-908.2, § 13.1-908.3, § 13.1-917, § 13.1-919, § 13.1-928.1, § 13.1-929, § 13.1-934, § 13.1-935.1, § 13.1-936, § 13.1-936.1, § 13.1-939, § 55-532, of the Code of Virginia. View Full Text »Status
01/10/2007 Prefiled and ordered printed; offered 01/10/07 07016682401/10/2007 Referred to Committee on Commerce and Labor01/17/2007 Impact statement from SCC (SB1286)01/24/2007 Constitutional reading dispensed (40-Y 0-N)01/25/2007 Read second time01/25/2007 Reading of amendments waived01/25/2007 Committee amendments agreed to01/25/2007 Engrossed by Senate as amended SB1286E01/25/2007 Printed as engrossed 070166824-E01/26/2007 Read third time and passed Senate (38-Y 0-N)01/26/2007 Communicated to House02/06/2007 Placed on Calendar02/06/2007 Read first time02/06/2007 Referred to Committee on Commerce and Labor02/07/2007 Impact statement from SCC (SB1286E)02/13/2007 Reported from Commerce and Labor (19-Y 1-N) (see vote tally)02/15/2007 Read second time02/16/2007 Read third time02/16/2007 Passed House (98-Y 0-N)03/12/2007 Enrolled03/12/2007 Bill text as passed Senate and House (SB1286ER)03/12/2007 Signed by President03/13/2007 Signed by Speaker03/14/2007 Impact statement from SCC (SB1286ER)03/26/2007 Governor's recommendation received by Senate03/27/2007 Governor's substitute printed 070304824-S104/03/2007 Placed on Calendar04/04/2007 Enacted, Chapter (effective 7/1/07)04/04/2007 House concurred in Governor's recommendation (98-Y 0-N)04/04/2007 G Governor's recommendation adopted04/04/2007 VOTE: ADOPTION (98-Y 0-N) (see vote tally)04/04/2007 Reenrolled04/04/2007 Reenrolled bill text (SB1286ER2)04/04/2007 Signed by President as reenrolled04/04/2007 Signed by Speaker as reenrolled04/04/2007 Enacted, Chapter 925 (effective 7/1/07)04/11/2007 G Acts of Assembly Chapter text (CHAP0925)
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