State Corporation Commission; annual report filing requirements.
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HB 124 — State Corporation Commission; annual report filing requirements.
Last action — Acts of Assembly Chapter text (CHAP0137)
No card. One bill, free forever — alerts when it moves.
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✓Introduced
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✓In Committee
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✓Passed House of Delegates
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✓Passed Senate
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✓To Executive
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6Enacted
This bill has been enacted into law. Introduced January 01, 2024. Enacted.
Signed by Governor Glenn Youngkin (Republican) on March 26, 2024.
Prognosis
Where this bill stands today.
Odds of enactment
HighHow often bills like it became law.
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Enacted
Current position in the legislative process.
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1 sponsor
1 primary, 0 co-sponsors signed on.
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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 removedPlain-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.
SESSION ENROLLED VIRGINIA ACTS OF ASSEMBLY ––-- 2024 SESSION CHAPTER E137 An Act to amend and reenact §§ 13.1-604 and 13.1-804 of the Code of Virginia, relating to StateNState Corporation Commission;
R O [H 124] Approved LMarch L26, 2024 Be it enacted by the General Assembly of Virginia:
E § 13.1-604.
DA. varies these requirements, to be entitled to be filed with the Commission.y other section that adds to or B.
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 Hortionportion shall be in black.
Photocopies, or other reproduced copies, of typewritten or printed documents1maydocuments bemay being reformatted and reproduced in copies of archival quality.ble and the document shall be ca4ablefiled. of E.
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 ifRif 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.officers;
2.
The person executing the document shall sign it and state beneath or opposite his signature his corporatename seal,and attestation,the acknowledgment,capacity orin verification.cumentwhich maythe butdocument needis notsigned. contain a I.
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.reproduction and certification of electronically transmitted information pursuant to § 59.1-496.
L.
eithera. in print or electronically:
Any of the following that is available in a nationally recognized news or information medium either in print or electronically:
of 3 b.
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.);
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 Commission may accept the electronic filing of any information required or permitted Eoto be filed by this Act and may prescribe the methods of execution, recording, reproduction and certiNicationcertification of L.electronically filed information pursuant to § 59.1-496.
WheneverL. 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:
OWhenever 1.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 docLmentdocument 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 1H10 (§ 13.1-884 et seq.) or 11 (§ 13.1-893.1 et seq.) of this Act;
and B b.
2 4.
The following terms of a plan or filed document may not be made dependent on facts outsidEoutside the plan or filed document:
Show all 45 changed lines (5 more)
R a.
c.
The registered agent of any entity required in a filed document;
The number of members and designation of each class of members;;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 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.
Show all 45 changed rows (5 more)
View plain text versions (3)
- CHAP0137 View text Current pdf March 26, 2024
- HB124ER View text pdf February 27, 2024
- Prefiled Prefiled and ordered printed; offered 01/10/24 24102614D pdf January 01, 2024
Action History
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Acts of Assembly Chapter text (CHAP0137)
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Approved by Governor-Chapter 137 (effective 7/1/24)
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Governor's Action Deadline 11:59 p.m., April 8, 2024
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Enrolled Bill communicated to Governor on March 11, 2024
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Impact statement from SCC (HB124ER)
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Signed by President
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Signed by Speaker
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Bill text as passed House and Senate (HB124ER)
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Enrolled
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Passed Senate (40-Y 0-N)
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Read third time
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Constitutional reading dispensed (40-Y 0-N)
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Reported from Commerce and Labor (15-Y 0-N)
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Referred to Committee on Commerce and Labor
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Constitutional reading dispensed
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VOTE: Passage (98-Y 0-N)
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Read third time and passed House BLOCK VOTE (98-Y 0-N)
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Read second time and engrossed
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Read first time
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Reported from Labor and Commerce (22-Y 0-N)
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Impact statement from SCC (HB124)
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Referred to Committee on Labor and Commerce
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Prefiled and ordered printed; offered 01/10/24 24102614D
Sponsors
- Jr. Richard C. "Rip" Sullivan · Primary
Sponsorship breakdown
Export CSV (upgrade) →1 sponsors · 0 co-sponsors · 147 not signed on
Sponsors (1)
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.
Votes
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Angelia Williams Graves | — | Yea |
| Barbara A. Favola | — | Yea |
| Bill DeSteph | — | Yea |
| Bryce E. Reeves | — | Yea |
| Carroll Foy, Jennifer D. | — | Yea |
| Christie New Craig | — | Yea |
| Christopher T. Head | — | Yea |
| Danica A. Roem | — | Yea |
| David R. Suetterlein | — | Yea |
| David W. Marsden | — | Yea |
| Ebbin, Adam P. | — | Yea |
| Emily M. Jordan | — | Yea |
| Glen H. Sturtevant, Jr. | — | Yea |
| Hashmi, Ghazala F. | — | Yea |
| J.D. "Danny" Diggs | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jeremy S. McPike | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Yea |
| Mark J. Peake | — | Yea |
| McGuire, John J., III | — | Yea |
| R. Creigh Deeds | — | Yea |
| Richard H. Stuart | — | Yea |
| Russet Perry | — | Yea |
| Ryan T. McDougle | — | Yea |
| Saddam Azlan Salim | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Scott A. Surovell | — | Yea |
| Stella G. Pekarsky | — | Yea |
| Subramanyam, Suhas | — | Yea |
| T. Travis Hackworth | — | Yea |
| Tammy Brankley Mulchi | — | Yea |
| Tara A. Durant | — | Yea |
| Timmy French | — | Yea |
| Todd E. Pillion | — | Yea |
| William M. Stanley, Jr. | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 40 | 0 | 0 | 0 |
| Total | 40 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (40)
| Member | Party | Vote |
|---|---|---|
| Aaron R. Rouse | — | Yea |
| Angelia Williams Graves | — | Yea |
| Barbara A. Favola | — | Yea |
| Bill DeSteph | — | Yea |
| Bryce E. Reeves | — | Yea |
| Carroll Foy, Jennifer D. | — | Yea |
| Christie New Craig | — | Yea |
| Christopher T. Head | — | Yea |
| Danica A. Roem | — | Yea |
| David R. Suetterlein | — | Yea |
| David W. Marsden | — | Yea |
| Ebbin, Adam P. | — | Yea |
| Emily M. Jordan | — | Yea |
| Glen H. Sturtevant, Jr. | — | Yea |
| Hashmi, Ghazala F. | — | Yea |
| J.D. "Danny" Diggs | — | Yea |
| Jennifer B. Boysko | — | Yea |
| Jeremy S. McPike | — | Yea |
| L. Louise Lucas | — | Yea |
| Lamont Bagby | — | Yea |
| Lashrecse D. Aird | — | Yea |
| Mamie E. Locke | — | Yea |
| Mark D. Obenshain | — | Yea |
| Mark J. Peake | — | Yea |
| McGuire, John J., III | — | Yea |
| R. Creigh Deeds | — | Yea |
| Richard H. Stuart | — | Yea |
| Russet Perry | — | Yea |
| Ryan T. McDougle | — | Yea |
| Saddam Azlan Salim | — | Yea |
| Schuyler T. VanValkenburg | — | Yea |
| Scott A. Surovell | — | Yea |
| Stella G. Pekarsky | — | Yea |
| Subramanyam, Suhas | — | Yea |
| T. Travis Hackworth | — | Yea |
| Tammy Brankley Mulchi | — | Yea |
| Tara A. Durant | — | Yea |
| Timmy French | — | Yea |
| Todd E. Pillion | — | Yea |
| William M. Stanley, Jr. | — | Yea |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 15 | 0 | 0 | 0 |
| Total | 15 | 0 | 0 | 0 |
| % 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 |
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 97 | 0 | 0 | 2 |
| Total | 97 | 0 | 0 | 2 |
| % of votes cast | 98% | 0% | 0% | 2% |
How each member voted (99)
| Party | Yea | Nay | Present | Not Voting |
|---|---|---|---|---|
| Unaffiliated | 22 | 0 | 0 | 0 |
| Total | 22 | 0 | 0 | 0 |
| % of votes cast | 100% | 0% | 0% | 0% |
How each member voted (22)
| Member | Party | Vote |
|---|---|---|
| Alfonso H. Lopez | — | Yea |
| Charniele L. Herring | — | Yea |
| Chris S. Runion | — | Yea |
| Convirs-Fowler, Kelly K. | — | Yea |
| Dan I. Helmer | — | Yea |
| Gilbert, C. Todd | — | Yea |
| Irene Shin | — | Yea |
| Israel D. O'Quinn | — | Yea |
| Jason S. Ballard | — | Yea |
| Jeion A. Ward | — | Yea |
| Joseph P. McNamara | — | Yea |
| LeVere Bolling, Destiny | — | Yea |
| Maldonado, Michelle Lopes | — | Yea |
| Marshall, Daniel W., III | — | Yea |
| Michael B. Feggans | — | Yea |
| Michael J. Jones | — | Yea |
| Michael J. Webert | — | Yea |
| Mundon King, Candi | — | Yea |
| Richard C. "Rip" Sullivan, Jr. | — | Yea |
| Terry G. Kilgore | — | Yea |
| Tony O. Wilt | — | Yea |
| Wren M. Williams | — | Yea |
Subjects
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.
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