Virginia 2019 Regular Session Status: Enacted

HB 2298 — Banks; directors' meetings.

Last action — Approved by Governor-Chapter 242 (effective 7/1/19)

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  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 08, 2019. 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

Removes the ability of a bank's shareholders to fix the number that constitutes a quorum for a meeting of the bank's board of directors at not less than five. In its place, the measure authorizes a bank's shareholders to adopt a bylaw setting as a quorum a number that is not less than a majority of the bank's directors. This bill is identical to

Bill Text

What changed in the latest version

2 added · 2 removed

Plain-language change summary

The latest changes to Bill HB 2298 include the addition of a specific chapter title, clearly identifying it as Chapter 242, which is officially recognized and approved as of March 5, 2019. The removal of the generic chapter title that just referenced "Virginia Acts of Assembly" helps clarify and specify the bill's documentation. These modifications are significant because they provide a clearer historical context and help ensure that the bill is easily identifiable in legislative records.

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Latest
SESSION history | hilite | pdf | print version VIRGINIA ACTS OF ASSEMBLY -- CHAPTER An Act to amend and reenact § 6.2-866 of the Code of Virginia, relating to the quorum required for a meeting of the board of directors of a bank.
SESSION history | hilite | pdf | print version CHAPTER 242 An Act to amend and reenact § 6.2-866 of the Code of Virginia, relating to the quorum required for a meeting of the board of directors of a bank.
[H 2298] Approved   Be it enacted by the General Assembly of Virginia:
[H 2298] Approved March 5, 2019   Be it enacted by the General Assembly of Virginia:
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Action History

  1. Approved by Governor-Chapter 242 (effective 7/1/19)

  2. Governor's Action Deadline Midnight, March 26, 2019

  3. Enrolled Bill communicated to Governor on February 21, 2019

  4. Signed by President

  5. Signed by Speaker

  6. Enrolled

  7. Read third time

  8. Referred to Committee on Commerce and Labor

  9. Constitutional reading dispensed

  10. Read third time and passed House BLOCK VOTE (99-Y 0-N)

  11. Read second time and engrossed

  12. Read first time

  13. Referred to Committee on Commerce and Labor

  14. Prefiled and ordered printed; offered 01/09/19 19101445D

Sponsors

Sponsorship breakdown

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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.

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

Passed 40 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 40000
Total 40000
% of votes cast 100%0%0%0%
How each member voted (40)
Member Party Vote
Dance — Yea
McClellan — Yea
Spruill — Yea
Black — Yea
Carrico — Yea
Chafin — Yea
Wagner — Yea
Barbara A. Favola — Yea
Barker, George L. — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Chase, Amanda F. — Yea
Cosgrove, John A., Jr. — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Dunnavant, Siobhan S. — Yea
Ebbin, Adam P. — Yea
Edwards, John S. — Yea
Glen H. Sturtevant, Jr. — Yea
Hanger, Emmett W., Jr. — Yea
Howell, Janet D. — Yea
Jennifer B. Boysko — Yea
Jeremy S. McPike — Yea
L. Louise Lucas — Yea
Lewis, Lynwood W., Jr. — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
Mason, T. Montgomery "Monty" — Yea
Newman, Stephen D. — Yea
Norment, Thomas K., Jr. — Yea
Petersen, J. Chapman — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Ruff, Frank M., Jr. — Yea
Ryan T. McDougle — Yea
Saslaw, Richard L. — Yea
Scott A. Surovell — Yea
Vogel, Jill Holtzman — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Constitutional reading dispensed

Passed 39 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 39000
Total 39000
% of votes cast 100%0%0%0%
How each member voted (39)
Member Party Vote
Dance — Yea
McClellan — Yea
Spruill — Yea
Black — Yea
Carrico — Yea
Chafin — Yea
Wagner — Yea
Barbara A. Favola — Yea
Barker, George L. — Yea
Bill DeSteph — Yea
Bryce E. Reeves — Yea
Chase, Amanda F. — Yea
Cosgrove, John A., Jr. — Yea
David R. Suetterlein — Yea
David W. Marsden — Yea
Dunnavant, Siobhan S. — Yea
Ebbin, Adam P. — Yea
Edwards, John S. — Yea
Glen H. Sturtevant, Jr. — Yea
Hanger, Emmett W., Jr. — Yea
Howell, Janet D. — Yea
Jennifer B. Boysko — Yea
L. Louise Lucas — Yea
Lewis, Lynwood W., Jr. — Yea
Mamie E. Locke — Yea
Mark D. Obenshain — Yea
Mark J. Peake — Yea
Mason, T. Montgomery "Monty" — Yea
Newman, Stephen D. — Yea
Norment, Thomas K., Jr. — Yea
Petersen, J. Chapman — Yea
R. Creigh Deeds — Yea
Richard H. Stuart — Yea
Ruff, Frank M., Jr. — Yea
Ryan T. McDougle — Yea
Saslaw, Richard L. — Yea
Scott A. Surovell — Yea
Vogel, Jill Holtzman — Yea
William M. Stanley, Jr. — Yea

Official roll call →

Reported from Commerce and Labor

Passed 21 Yea · 0 Nay
Party YeaNayPresentNot Voting
Unaffiliated 21000
Total 21000
% of votes cast 100%0%0%0%
How each member voted (21)
Member Party Vote
Bourne — Yea
Filler-Corn — Yea
Lindsey — Yea
Ransone — Yea
Yancey — Yea
Byron — Yea
Hugo — Yea
Marshall — Yea
Bell, Robert B. — Yea
Keam — Yea
Kory — Yea
Heretick — Yea
Mullin — Yea
Christopher T. Head — Yea
Israel D. O'Quinn — Yea
Jeion A. Ward — Yea
Lamont Bagby — Yea
Michael J. Webert — Yea
R. Lee Ware — Yea
Terry G. Kilgore — Yea
Tony O. Wilt — Yea

Official roll call →

Subjects

finance
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 2298 do?
Removes the ability of a bank's shareholders to fix the number that constitutes a quorum for a meeting of the bank's board of directors at not less than five. In its place, the measure authorizes a bank's shareholders to adopt a bylaw setting as a quorum a number that is not less than a majority of the bank's directors. This bill is identical to
Who sponsors HB 2298?
HB 2298 is sponsored by Israel D. O'Quinn.
What is the current status of HB 2298?
This bill has been enacted into law. Introduced January 08, 2019. Enacted.
Where can I track HB 2298?
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