Virginia 2018 Regular Session Status: Enacted

SB 387 — Corporations; annual reports.

Last action — Approved by Governor-Chapter 132 (effective 7/1/18)

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

This bill has been enacted into law. Introduced January 09, 2018. Enacted.

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

Eliminates the requirement that a corporation authorized to issue one or more classes of shares list the number of shares of each class on its corporate annual report.

Bill Text

What changed in the latest version

19 added · 26 removed

Plain-language change summary

The recent amendments to Bill SB 387 clarify the requirements for annual corporate reports by maintaining the essential components, like the corporation's name and share information. Notably, the amendment allows the Commission the option to extend the due dates for these reports on a monthly basis, which can ease deadlines for corporations and help manage their reporting schedule better. This change matters because it provides greater flexibility for businesses, potentially allowing them to better align their reporting obligations with their operational timelines.

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Latest
SESSION history | hilite | pdf | print version 18101897D SENATE BILL NO.
SESSION history | hilite | pdf | print version VIRGINIA ACTS OF ASSEMBLY -- CHAPTER An Act to amend and reenact § 13.1-775 of the Code of Virginia, relating to annual report of domestic and foreign corporations.
387 Offered January 10, 2018 Prefiled January 9, 2018 A BILL to amend and reenact § 13.1-775 of the Code of Virginia, relating to annual report of domestic and foreign corporations.
[S 387] Approved   Be it enacted by the General Assembly of Virginia:
---------- Patron-- Chafin ---------- Referred to Committee on Commerce and Labor ---------- Be it enacted by the General Assembly of Virginia:
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Action History

  1. Approved by Governor-Chapter 132 (effective 7/1/18)

  2. Governor's Action Deadline Midnight, March 5, 2018

  3. Enrolled Bill Communicated to Governor on February 26, 2018

  4. Signed by President

  5. Signed by Speaker

  6. Enrolled

  7. Passed House BLOCK VOTE (100-Y 0-N)

  8. Read third time

  9. Read second time

  10. Referred to Committee on Commerce and Labor

  11. Read first time

  12. Placed on Calendar

  13. Read second time and engrossed

  14. Referred to Committee on Commerce and Labor

  15. Prefiled and ordered printed; offered 01/10/18 18101897D

Sponsors

  • A. Benton "Ben" Chafin · Primary

Sponsorship breakdown

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

Sponsors (1)

  • A. Benton "Ben" Chafin

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 House BLOCK VOTE

Passed 100 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 100000
Total 100000
% of votes cast 100%0%0%0%
How each member voted (100)
Member Party Vote
Campbell — Yea
Cline — Yea
Edmunds — Yea
Freitas — Yea
Habeeb — Yea
Hugo — Yea
Hurst — Yea
Kory — Yea
LaRock — Yea
Landes — Yea
Orrock — Yea
Pogge — Yea
Poindexter — Yea
Rodman — Yea
Rush — Yea
Tyler — Yea
Bell, John J. — Yea
Bell, Richard P. — Yea
Bell, Robert B. — Yea
Ayala — Yea
Bourne — Yea
Jones, J.C. — Yea
Jones, S.C. — Yea
Marshall — Yea
Bulova — Yea
Byron — Yea
Carter — Yea
Cole — Yea
Collins — Yea
Fariss — Yea
Filler-Corn — Yea
Gilbert — Yea
Gooditis — Yea
Helsel — Yea
Heretick — Yea
Ingram — Yea
James — Yea
Keam — Yea
Levine — Yea
Lindsey — Yea
Miyares — Yea
Mullin — Yea
Murphy — Yea
Peace — Yea
Plum — Yea
Ransone — Yea
Robinson — Yea
Stolle — Yea
Mr. Speaker — Yea
Toscano — Yea
Turpin — Yea
Yancey — Yea
Alfonso H. Lopez — Yea
Barry D. Knight — Yea
Betsy B. Carr — Yea
C.E. Cliff Hayes, Jr. — Yea
Charniele L. Herring — Yea
Christopher T. Head — Yea
Danica A. Roem — Yea
David A. Reid — Yea
Delores L. McQuinn — Yea
Elizabeth R. Guzman — Yea
Emily M. Jordan — Yea
Garrett McGuire — Yea
Hyland F. "Buddy" Fowler, Jr. — Yea
Israel D. O'Quinn — Yea
James A. "Jay" Leftwich — Yea
James W. Morefield — Yea
Jeion A. Ward — Yea
Jennifer B. Boysko — Yea
Jennifer D. Carroll Foy — Yea
Joshua E. Thomas — Yea
Karrie K. Delaney — Yea
Kathy K.L. Tran — Yea
Kelly K. Convirs-Fowler — Yea
Kimberly Pope Adams — Yea
Kimberly Pope Adams — Yea
Lamont Bagby — Yea
Lashrecse D. Aird — Yea
Luke E. Torian — Yea
M. Keith Hodges — Yea
Marcia S. "Cia" Price — Yea
Marcus B. Simon — Yea
Mark D. Sickles — Yea
Michael J. Webert — Yea
Patrick A. Hope — Yea
Paul E. Krizek — Yea
R. Lee Ware — Yea
Richard C. "Rip" Sullivan, Jr. — Yea
Robert S. Bloxom, Jr. — Yea
Sam Rasoul — Yea
Schuyler T. VanValkenburg — Yea
Terry G. Kilgore — Yea
Terry L. Austin — Yea
Thomas A. Garrett, Jr. — Yea
Thomas C. Wright, Jr. — Yea
Todd E. Pillion — Yea
Tony O. Wilt — Yea
Vivian E. Watts — Yea
Will Davis — Yea

Official roll call →

Subjects

finance
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Frequently asked questions

What does SB 387 do?
Eliminates the requirement that a corporation authorized to issue one or more classes of shares list the number of shares of each class on its corporate annual report.
Who sponsors SB 387?
SB 387 is sponsored by A. Benton "Ben" Chafin.
What is the current status of SB 387?
This bill has been enacted into law. Introduced January 09, 2018. Enacted.
Where can I track SB 387?
Track SB 387 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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