Banks; capital stock.
Summary
Repeals a provision that bars the State Corporation Commission from authorizing a bank to commence business if commissions or other compensation have been paid by the bank for the sale of stock in the bank. The measure also removes the requirement that both organizing directors of a bank be bonded for an amount equal to the total amount of money to be collected before the bank opens for business through stock subscriptions or from purchases of the bank's stock. This bill is identical to
Bill status
signed
all 5 stages cleared
Introduction
Jan 2019
Committee Review
Jan 2019
House of Delegates Passage
Jan 2019
Senate Passage
Feb 2019
Signed into Law
Mar 2019
Introduced Jan 8, 2019
Signed Mar 8, 2019
Floor votes · Senate Feb 13, 2019
How they voted
33–0
Passed
Total votes 33
Feb 13, 2019
D
Democratic13
100% Yea
R
Republican20
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
15
Key actions
3
Committee
2
Mar 8, 2019
Signed into law
Approved by Governor-Chapter 253 (effective 7/1/19)
executive
Feb 13, 2019
Senate · Passed
Senate Vote: pass (33-0)
senate
Jan 29, 2019
Committee
Referred to Committee on Commerce and Labor
upper
Jan 28, 2019
Lower · Passed
Read third time and passed House BLOCK VOTE (99-Y 0-N)
lower
Jan 8, 2019
Committee
Referred to Committee on Commerce and Labor
lower
Jan 8, 2019
Introduced
Prefiled and ordered printed; offered 01/09/19 19103830D
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
David E. Yancey
RRepublican
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 2419
Scope: VA
Hi! I can help you understand HB 2419. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline