Virginia 2024 Regular Session Status: Enacted

HB 124 — State Corporation Commission; annual report filing requirements.

Last action — Acts of Assembly Chapter text (CHAP0137)

Track this bill free

No card. One bill, free forever — alerts when it moves.

  1. ✓
    Introduced
  2. ✓
    In Committee
  3. ✓
    Passed House of Delegates
  4. ✓
    Passed Senate
  5. ✓
    To Executive
  6. 6
    Enacted

This bill has been enacted into law. Introduced January 01, 2024. Enacted.

Signed by Governor Glenn Youngkin (Republican) on March 26, 2024.

Prognosis

Likely to advance 70% · moderate confidence

Where this bill stands today.

Odds of enactment

High

How often bills like it became law.

  • Enacted

    Current position in the legislative process.

  • 1 sponsor

    1 primary, 0 co-sponsors signed on.

  • Cleared a recorded vote

    Passed 5 recorded votes so far.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

State Corporation Commission; annual reportfiling requirements. Permits a person authorized by a domesticor foreign stock or nonstock corporation to sign the annual reportof such corporation for purposes of the Virginia Stock CorporationAct and the Virginia Nonstock Corporation Act.

Bill Text

What changed in the latest version

160 added · 153 removed

Plain-language change summary

The latest version of Bill HB 124 clarifies and reorganizes the filing requirements for documents submitted to the State Corporation Commission of Virginia. Notably, it emphasizes that documents must be legible, able to be reproduced, and that foreign corporations can submit documents in their original language as long as they include a certified English translation. These changes aim to streamline the filing process for businesses, ensuring that necessary documentation is clear and accessible, which could help reduce administrative burdens for both the Commission and corporations.

→
Previous
Latest
SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY –– CHAPTER E An Act to amend and reenact §§ 13.1-604 and 13.1-804 of the Code of Virginia, relating to StateN Corporation Commission;
VIRGINIA ACTS OF ASSEMBLY -- 2024 SESSION CHAPTER 137 An Act to amend and reenact §§ 13.1-604 and 13.1-804 of the Code of Virginia, relating to State Corporation Commission;
R O [H 124] Approved L L Be it enacted by the General Assembly of Virginia:
[H 124] Approved March 26, 2024 Be it enacted by the General Assembly of Virginia:
E § 13.1-604.
§ 13.1-604.
D varies these requirements, to be entitled to be filed with the Commission.y other section that adds to or B.
A.
A document shall satisfy the requirements of this section, and of any other section that adds to or varies these requirements, to be entitled to be filed with the Commission.
B.
C.
information as well.hall contain the information required by this chapter and may contain other D.
The document shall contain the information required by this chapter and may contain other information as well.
D.
The typewritten or printed Hortion shall be in black.
The typewritten or printed portion shall be in black.
Photocopies, or other reproduced copies, of typewritten or printed documents1may be being reformatted and reproduced in copies of archival quality.ble and the document shall be ca4able of E.
Photocopies, or other reproduced copies, of typewritten or printed documents may be filed.
In every case, information in the document shall be legible and the document shall be capable of being reformatted and reproduced in copies of archival quality.
E.
A corporate name need not be in English ifR written in English letters or Arabic or Roman numerals.
A corporate name need not be in English if written in English letters or Arabic or Roman numerals.
By the chairman or any vice-chairman of the board of directors, the president, or any other of its off2.
By the chairman or any vice-chairman of the board of directors, the president, or any other of its officers;
2.
The person executing the document shall sign it and state beneath or opposite his signature his corporate seal, attestation, acknowledgment, or verification.cument may but need not contain a I.
The person executing the document shall sign it and state beneath or opposite his signature his name and the capacity in which the document is signed.
The document may but need not contain a corporate seal, attestation, acknowledgment, or verification.
I.
The Commission may accept the electronic transmission of any document or other information required or permitted to be filed by this chapter and may prescribe the methods of execution, recording, repL.
The Commission may accept the electronic transmission of any document or other information required or permitted to be filed by this chapter and may prescribe the methods of execution, recording, reproduction and certification of electronically transmitted information pursuant to § 59.1-496.
L.
either in print or electronically:
a.
Any of the following that is available in a nationally recognized news or information medium either in print or electronically:
of 3 b.
b.
or c.
or of 3 c.
"Filed document" means a document filed with the Commission under § 13.1-619 or Article 11 (§ 13.1-705 et seq.), 12 (§ 13.1-715.1 et seq.), 12.1 (§ 13.1-722.1:1 et seq.), 12.2 (§ 13.1-722.8 et seq.), 16 (§ 13.1-742 et seq.), or 22 (§ 13.1-782 et seq.);
"Filed document" means a document filed with the Commission under § 13.1-619 or Article 11 (§ 13.1-705 et seq.), 12 (§ 13.1-715.1 et seq.), 12.1 (§ 13.1-722.1:1 et seq.), 12.2 (§ 13.1-722.8 et seq.), (§ 13.1-742 et seq.), or 22 (§ 13.1-782 et seq.);
The document shall be delivered to the Commission for filing and shall be accompanied by the of 3 required filing fee, and any charter or entrance fee or registration fee required by this Act.
The document shall be delivered to the Commission for filing and shall be accompanied by the required filing fee, and any charter or entrance fee or registration fee required by this Act.
The Commission may accept the electronic filing of any information required or permitted Eo be filed by this Act and may prescribe the methods of execution, recording, reproduction and certiNication of L.
The Commission may accept the electronic filing of any information required or permitted to be filed by this Act and may prescribe the methods of execution, recording, reproduction and certification of electronically filed information pursuant to § 59.1-496.
Whenever a provision of this Act permits any of the terms of a plan or a filed document to be dependent on facts objectively ascertainable outside the plan or filed document, the following provisions apply:
L.
O 1.
Whenever a provision of this Act permits any of the terms of a plan or a filed document to be of 3 dependent on facts objectively ascertainable outside the plan or filed document, the following provisions apply:
1.
The manner in which the facts will operate upon the terms of the plan or filed docLment shall be set forth in the plan or filed document.
The manner in which the facts will operate upon the terms of the plan or filed document shall be set forth in the plan or filed document.
2.
The facts may include:
3.
As used in this subsection:
"Filed document" means a document filed with the Commission under § 13.1-819 or Article 1H (§ 13.1-884 et seq.) or 11 (§ 13.1-893.1 et seq.) of this Act;
"Filed document" means a document filed with the Commission under § 13.1-819 or Article 10 (§ 13.1-884 et seq.) or 11 (§ 13.1-893.1 et seq.) of this Act;
and B b.
and b.
2 4.
4.
The following terms of a plan or filed document may not be made dependent on facts outsidE the plan or filed document:
The following terms of a plan or filed document may not be made dependent on facts outside the plan or filed document:
Show all 45 changed rows (5 more)
Previous
Latest
R a.
a.
c.
The registered agent of any entity required in a filed document;
The number of members and designation of each class of members;;
The number of members and designation of each class of members;
If a term of a filed document is made dependent on a fact objectively ascertainable outside of the filed document and that fact is not objectively ascertainable by reference to a source described in subdivision 2a or to a document that is a matter of public record, or if the affected members have not articles of amendment setting forth the fact promptly after the time when the fact referred to is first objectively ascertainable or thereafter changes.
If a term of a filed document is made dependent on a fact objectively ascertainable outside of the filed document and that fact is not objectively ascertainable by reference to a source described in subdivision 2a or to a document that is a matter of public record, or if the affected members have not received notice of the fact from the corporation, then the corporation shall file with the Commission articles of amendment setting forth the fact promptly after the time when the fact referred to is first objectively ascertainable or thereafter changes.
View plain text versions (3)

Action History

  1. Acts of Assembly Chapter text (CHAP0137)

  2. Approved by Governor-Chapter 137 (effective 7/1/24)

  3. Governor's Action Deadline 11:59 p.m., April 8, 2024

  4. Enrolled Bill communicated to Governor on March 11, 2024

  5. Impact statement from SCC (HB124ER)

  6. Signed by President

  7. Signed by Speaker

  8. Bill text as passed House and Senate (HB124ER)

  9. Enrolled

  10. Passed Senate (40-Y 0-N)

  11. Read third time

  12. Constitutional reading dispensed (40-Y 0-N)

  13. Reported from Commerce and Labor (15-Y 0-N)

  14. Referred to Committee on Commerce and Labor

  15. Constitutional reading dispensed

  16. VOTE: Passage (98-Y 0-N)

  17. Read third time and passed House BLOCK VOTE (98-Y 0-N)

  18. Read second time and engrossed

  19. Read first time

  20. Reported from Labor and Commerce (22-Y 0-N)

  21. Impact statement from SCC (HB124)

  22. Referred to Committee on Labor and Commerce

  23. Prefiled and ordered printed; offered 01/10/24 24102614D

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 0 co-sponsors · 147 not signed on

Co-sponsors (0)

None.

Not signed on (147)

147 members have not signed on to this bill.

Show all 147 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

Passed Senate (40-Y 0-N)

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 40000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)

Official roll call →

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 40000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)

Official roll call →

Passed 15 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 15000
Total 15000
% of votes cast 100%0%0%0%
How each member voted (15)
Member Party Vote
Aaron R. Rouse — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
David W. Marsden — Yea
Ebbin, Adam P. — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lamont Bagby — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
R. Creigh Deeds — Yea
Ryan T. McDougle — Yea
Scott A. Surovell — Yea
William M. Stanley, Jr. — Yea

Official roll call →

VOTE: Passage (98-Y 0-N)

Passed 97 Yea · 0 Nay · 2 Other
Party YeaNayPresentNot Voting
Unaffiliated 97002
Total 97002
% of votes cast 98%0%0%2%
How each member voted (99)
Member Party Vote
Adele Y. McClure — Yea
Alex Q. Askew — Yea
Alfonso H. Lopez — Yea
Amy J. Laufer — Yea
Anne Ferrell Tata — Yea
Arnold, Jonathan, E. P. — Yea
Atoosa R. Reaser — Not Voting
Batten, Amanda E. — Yea
Betsy B. Carr — Yea
Bill Wiley — Yea
Bonita G. Anthony — Yea
Briana D. Sewell — Yea
Bulova, David L. — Yea
C.E. Cliff Hayes, Jr. — Yea
Charniele L. Herring — Yea
Chris S. Runion — Yea
Convirs-Fowler, Kelly K. — Yea
Cordoza, A.C. — Yea
Coyner, Carrie E. — Yea
Dan I. Helmer — Yea
David A. Reid — Yea
Debra D. Gardner — Yea
Delores L. McQuinn — Yea
Delores Oates — Yea
Earley, Mark L., Jr. — Yea
Elizabeth B. Bennett-Parker — Yea
Ellen H. McLaughlin — Yea
Ennis, N. Baxter — Yea
Eric Phillips — Yea
Eric R. Zehr — Yea
Fowler, Hyland F."Buddy," Jr. — Yea
Freitas, Nicholas J. — Yea
Gilbert, C. Todd — Yea
Green, W. Chad — Yea
H. Otto Wachsmann, Jr. — Yea
Higgins, Geary — Yea
Holly M. Seibold — Yea
Irene Shin — Yea
Israel D. O'Quinn — Yea
Jackie H. Glass — Yea
James A. "Jay" Leftwich — Yea
James W. Morefield — Yea
Jason S. Ballard — Yea
Jeion A. Ward — Yea
Joseph P. McNamara — Yea
Joshua E. Thomas — Yea
Joshua G. Cole — Yea
Kannan Srinivasan — Yea
Karen Keys-Gamarra — Yea
Karrie K. Delaney — Yea
Kathy K.L. Tran — Yea
Katrina Callsen — Yea
Kent, Hillary Pugh — Yea
Knight, Barry D. — Yea
Laura Jane Cohen — Yea
LeVere Bolling, Destiny — Yea
Lovejoy, Ian T. — Yea
Luke E. Torian — Yea
M. Keith Hodges — Yea
Maldonado, Michelle Lopes — Yea
Marcia S. "Cia" Price — Yea
Marcus B. Simon — Yea
Marshall, Daniel W., III — Yea
Marty Martinez — Yea
Michael B. Feggans — Yea
Michael J. Jones — Yea
Michael J. Webert — Yea
Mike A. Cherry — Yea
Milde, Paul V. — Yea
Mundon King, Candi — Yea
Nadarius E. Clark — Yea
Obenshain, Chris — Yea
Orrock, Robert D., Sr. — Yea
Owen, David — Yea
Patrick A. Hope — Yea
Paul E. Krizek — Yea
Phil M. Hernandez — Yea
Phillip A. Scott — Yea
R. Lee Ware — Not Voting
Rae Cousins — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Robert S. Bloxom, Jr. — Yea
Rodney T. Willett — Yea
Rozia A. Henson, Jr. — Yea
Sam Rasoul — Yea
Scott A. Wyatt — Yea
Shelly A. Simonds — Yea
Sickles, Mark D. — Yea
Taylor, Kim A. — Yea
Terry G. Kilgore — Yea
Terry L. Austin — Yea
Thomas A. Garrett, Jr. — Yea
Thomas C. Wright, Jr. — Yea
Timothy P. Griffin — Yea
Tony O. Wilt — Yea
Vivian E. Watts — Yea
Wendell S. Walker — Yea
Will Davis — Yea
Wren M. Williams — Yea

Official roll call →

Passed 22 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 22000
Total 22000
% of votes cast 100%0%0%0%
How each member voted (22)

Official roll call →

Subjects

Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does HB 124 do?
State Corporation Commission; annual reportfiling requirements. Permits a person authorized by a domesticor foreign stock or nonstock corporation to sign the annual reportof such corporation for purposes of the Virginia Stock CorporationAct and the Virginia Nonstock Corporation Act.
Who sponsors HB 124?
HB 124 is sponsored by Richard C. "Rip" Sullivan, Jr..
What is the current status of HB 124?
This bill has been enacted into law. Introduced January 01, 2024. Enacted.
Where can I track HB 124?
Track HB 124 free on One Click Politics — get push/email alerts when it moves.

Make your voice heard on HB 124

Find the representatives who decide this bill and tell them where you stand — for yourself, or mobilize your whole list in one click with One Click Politics advocacy software.

Stay ahead of HB 124

Last checked for changes 3 months ago · updated continuously

One Click Politics tracks every bill in Congress and all 50 states.

Track this bill →