CORPORATIONS

(P) Passed (F) Failed (V) Vetoed (I) Incorporated into other legislation
(C) Carried over to 2009 Session


Business Trust Act; reorganizes provisions. Amending  13.1-1204, 13.1-1210, 13.1-1216, 13.1-1217, 13.1-1234, 13.1-1235, 13.1-1236, 13.1-1238, 13.1-1239, 13.1-1241, 13.1-1242, 13.1-1245, 13.1-1250, 13.1-1254, and 13.1-1261; adding 13.1-1238.1, 13.1-1238.2, 13.1-1246.1, 13.1-1246.2, and 13.1-1246.3; repealing  13.1-1243. (Patron-Watkins, SB 360 (Chapter 101))
Corporations; business office of registered agent. Amending 13.1-634 and 13.1-637. (Patron-Caputo, HB 742 (F))
Corporations; may be represented by an officer or an employee pro se before general district courts. Adding  16.1-81.1. (Patron-Janis, HB 1381 (F))
Corporations and professional limited liability companies; conforms substantive provisions that govern mergers and consolidations. Amending  13.1-545.1, 13.1-555, 13.1-607, 13.1-615.1, 13.1-716, 13.1-807, 13.1-815.1, 13.1-894, 13.1-1106, and 13.1-1121. (Patron-Joannou, HB 918 (Chapter 509))
Foreign business entities; must register with State and with State Corporation Commission. Amending  13.1-1057, 13.1-1247, and 50-73.59. (Patron-Putney, HB 1490 (Chapter 523))
Illegal aliens; corporate existence terminated involuntarily for employing. Amending  13.1-753, 13.1-769, 13.1-915, 13.1-931, 13.1-1046, 13.1-1056, 13.1-1234, 13.1-1246, 50-73.49, and 50-73.58. (Patron-Byron, HB 926 (Chapter 588); Obenshain, SB 782 (Chapter 770))
Limited Liability Company Act; reorganizes provisions thereof. Amending  13.1-1005, 13.1-1009, 13.1-1014, 13.1-1014.1, 13.1-1046, 13.1-1047, 13.1-1048, 13.1-1050, 13.1-1051, 13.1-1052, 13.1-1055, 13.1-1060, 13.1-1064, 13.1-1070, and 13.1-1072; adding  13.1-1050.2, 13.1-1050.3, 13.1-1050.4, 13.1-1056.1, 13.1-1056.2, and 13.1-1056.3; repealing 13.1-1050.1 and 13.1-1053. (Patron-Saslaw, SB 573 (Chapter 108))
Multistate corporations; joint subcommittee to study benefits of adopting a single sales factor for purposes of corporation income tax. (Patron-Byron, HJR 177 (P); Stosch, SJR 101 (P))
Nonprofessional entities; practice of medicine. Amending 54.1-111. (Patron-O’Bannon, HB 605 (Chapter 358))
Professional corporations and limited liability companies; those licensed to be shareholders or members thereof. Amending 13.1-543, 13.1-549, 13.1-549.1, 13.1-550, and 13.1-1102. (Patron-Stosch, SB 209 (Chapter 265))
Railroad corporations; prohibits foreign control without approval of State Corporation Commission. Amending  56-1 and 56-345.1; adding  56-345.2. (Patron-Kilgore, HB 1412 (F); Puller, SB 719 (C))
State Council of Higher Education for Virginia; creation of nonstock corporation to support academic research. Adding 23-9.6:3. (Patron-Nutter, HB 987 (C))
Stock and nonstock corporations; authorizes State Corporation Commission to correct Commission records at any time. Amending  13.1-607, 13.1-614, 13.1-657, 13.1-708, 13.1-741.1, 13.1-746, 13.1-746.1, 13.1-746.2, 13.1-770, 13.1-771, 13.1-807, and 13.1-813. (Patron-Stosch, SB 146 (Chapter 91))