SB 260 Virginia Senate · 2018 Regular Session

Banks; stock ownership by directors.

Summary
Provides that a bank director is deemed to be the sole owner of shares in the bank that are deposited by the director in a living trust, or inter vivos trust, as to which the director is a trustee and retains an absolute power of revocation. Currently, a director is deemed to be the sole owner of shares that are deposited in such a trust only if the director is the sole trustee of the trust. This bill is identical to
Bill status signed all 5 stages cleared
Introduction
Jan 2018
Committee Review
Jan 2018
Senate Passage
Feb 2018
House of Delegates Passage
Feb 2018
Signed into Law
Mar 2018
Introduced Jan 5, 2018 Signed Mar 2, 2018
Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
15
Key actions
2
Committee
2
Mar 2, 2018
Signed into law
Approved by Governor-Chapter 76 (effective 7/1/18)
executive
Feb 20, 2018
Legislature · Passed
Passed House BLOCK VOTE (100-Y 0-N)
legislature
Jan 31, 2018
Committee
Referred to Committee on Commerce and Labor
legislature
Jan 5, 2018
Committee
Referred to Committee on Commerce and Labor
legislature
Jan 5, 2018
Introduced
Prefiled and ordered printed; offered 01/10/18 18102236D
legislature
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Richard Stuart
Richard Stuart
RRepublican
VA
25