Banks; directors' meetings.
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 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 5, 2019
Floor votes · Senate Feb 13, 2019
How they voted
36–0
Passed
Total votes 36
Feb 13, 2019
D
Democratic16
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 5, 2019
Signed into law
Approved by Governor-Chapter 242 (effective 7/1/19)
executive
Feb 13, 2019
Senate · Passed
Senate Vote: pass (36-0)
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 19101445D
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Israel O'Quinn
RRepublican
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