SB 855 Business trusts.
Walter A. Stosch | all patrons    ...    notes
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Summary as passed: (all summaries)
Business trusts. Makes certain provisions of the Virginia Business Trust Act, which was enacted in 2002, consistent with analogous provisions of other business entity acts, and corrects several oversights in existing law. The measure (i) adds business trusts to the entities that are deemed to have received tax assessments mailed by the State Corporation Commission; (ii) establishes the fee for filing articles of restatement; (iii) specifies who has authority to correct the articles of trust and the method for their approval; (iv) conforms business trust name distinguishability requirements to those of other business entities; (v) allows for the cancellation of a certificate of a business trust that does not maintain a registered agent; and (vi) makes the provisions regarding mergers consistent with the parallel provisions for articles of merger of other business entities. The Business Trust Act, and the amendments made by this measure, will become effective October 1, 2003.

Full text:
01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 030288254  pdf | impact statement
02/24/03  Senate: Bill text as passed Senate and House (SB855ER)  pdf | impact statement
03/25/03  Governor: Acts of Assembly Chapter text (CHAP0373)  pdf

Status:
01/08/03  Senate: Presented & ordered printed, prefiled 01/07/03 030288254
01/08/03  Senate: Referred to Committee on Commerce and Labor
01/13/03  Senate: Reported from Commerce and Labor (15-Y 0-N)
01/15/03  Senate: Constitutional reading dispensed (40-Y 0-N)
01/15/03  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
01/16/03  Senate: Read second time and engrossed
01/17/03  Senate: Read third time and passed Senate (38-Y 0-N)
01/17/03  Senate: VOTE: PASSAGE R (38-Y 0-N)
01/17/03  Senate: Rec. of passage agreed to by Senate (39-Y 0-N)
01/17/03  Senate: VOTE: RECONSIDER R (39-Y 0-N)
01/17/03  Senate: Passed Senate (39-Y 0-N)
01/17/03  Senate: VOTE: PASSAGE R (39-Y 0-N)
01/17/03  Senate: Communicated to House
01/23/03  House: Placed on Calendar
01/23/03  House: Read first time
01/23/03  House: Referred to Committee on Commerce and Labor
02/11/03  House: Reported from Commerce and Labor (21-Y 0-N)
02/13/03  House: Read second time
02/14/03  House: Read third time
02/14/03  House: Passed House BLOCK VOTE (99-Y 0-N)
02/14/03  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/24/03  Senate: Bill text as passed Senate and House (SB855ER)
02/26/03  House: Enrolled
02/26/03  House: Signed by Speaker
02/27/03  Senate: Signed by President
03/16/03  Governor: Approved by Governor-Chapter 373 (effective 10/1/03)
03/25/03  Governor: Acts of Assembly Chapter text (CHAP0373)