VA HB155 | 2020 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 10 2020 - 100% progression
Action: 2020-03-10 - Governor: Acts of Assembly Chapter text (CHAP0239)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on March 10 2020 - 100% progression
Action: 2020-03-10 - Governor: Acts of Assembly Chapter text (CHAP0239)
Text: Latest bill text (Chaptered) [HTML]
Summary
Banks; trust subsidiaries. Establishes a mechanism by which a subsidiary bank of a Virginia bank holding company that holds trust powers may be substituted in every fiduciary capacity for a trust subsidiary under common ownership with that bank. Such mechanism follows the existing procedures by which (i) a subsidiary bank may be substituted as fiduciary for another bank under common ownership and (ii) a trust subsidiary may be substituted as fiduciary for an owning or affiliated bank. In each case, the determination as to whether the application for substitution will be granted is made by the circuit court of the jurisdiction in which the main office of the petitioning bank or trust subsidiary is located.
Title
Banks; trust subsidiaries.
Sponsors
Roll Calls
2020-02-20 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-17 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-29 - House - House: VOTE: (98-Y 0-N) (Y: 98 N: 0 NV: 2 Abs: 0) [PASS]
2020-01-23 - House - House: Reported from Labor and Commerce (20-Y 0-N) (Y: 20 N: 0 NV: 2 Abs: 0) [PASS]
2020-02-19 - Senate - Senate: Constitutional reading dispensed (39-Y 0-N) (Y: 39 N: 0 NV: 1 Abs: 0) [PASS]
2020-02-17 - Senate - Senate: Reported from Commerce and Labor (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2020-01-29 - House - House: VOTE: (98-Y 0-N) (Y: 98 N: 0 NV: 2 Abs: 0) [PASS]
2020-01-23 - House - House: Reported from Labor and Commerce (20-Y 0-N) (Y: 20 N: 0 NV: 2 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2020-03-10 | Governor: Acts of Assembly Chapter text (CHAP0239) | |
| 2020-03-10 | Governor: Approved by Governor-Chapter 239 (effective 7/1/20) | |
| 2020-03-03 | Governor: Governor's Action Deadline 11:59 p.m., March 10, 2020 | |
| 2020-03-03 | House | Enrolled Bill communicated to Governor on March 3, 2020 |
| 2020-02-26 | Senate | Signed by President |
| 2020-02-25 | House | Signed by Speaker |
| 2020-02-25 | House | Bill text as passed House and Senate (HB155ER) |
| 2020-02-25 | House | Enrolled |
| 2020-02-20 | Senate | Passed Senate (40-Y 0-N) |
| 2020-02-20 | Senate | Read third time |
| 2020-02-19 | Senate | Constitutional reading dispensed (39-Y 0-N) |
| 2020-02-17 | Senate | Reported from Commerce and Labor (15-Y 0-N) |
| 2020-01-30 | Senate | Referred to Committee on Commerce and Labor |
| 2020-01-30 | Senate | Constitutional reading dispensed |
| 2020-01-29 | House | VOTE: (98-Y 0-N) |
| 2020-01-29 | House | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
| 2020-01-28 | House | Read second time and engrossed |
| 2020-01-28 | House | Passed by temporarily |
| 2020-01-27 | House | Read first time |
| 2020-01-23 | House | Reported from Labor and Commerce (20-Y 0-N) |
| 2019-12-20 | House | Referred to Committee on Labor and Commerce |
| 2019-12-20 | House | Prefiled and ordered printed; offered 01/08/20 20101596D |
