---
type: "Bill"
title: "Negotiable instruments; statute of limitations."
description: "Provides that the provisions of the Uniform Commercial Code establishing a six-year limitations period on actions to enforce the obligation of a party to pay the instrument apply to negotiable and non-negotiable certificates of deposit. This bill is identical to"
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2017"
identifier: "SB 1217"
citation: "Virginia SB 1217 (2017)"
classification: ["bill"]
subjects: ["Commercial Code"]
status: "enacted"
primary_sponsors: ["A. Benton \"Ben\" Chafin"]
version_count: 3
action_count: 16
vote_count: 6
first_action: "2017-01-10"
last_action: "2017-02-20"
source: "openstates"
source_identifier: "ocd-bill/a6996309-325f-40da-b8da-0a5e5e20af9a"
source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+SB1217"
source_hash: "7a1e18a43b7439c2f2f1131d9c7744cc61542cde1eaaeef2785cd2b1f509949b"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-va"]
---

# Virginia SB 1217 (2017) — Negotiable instruments; statute of limitations.

Provides that the provisions of the Uniform Commercial Code establishing a six-year limitations period on actions to enforce the obligation of a party to pay the instrument apply to negotiable and non-negotiable certificates of deposit. This bill is identical to

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Governor: Acts of Assembly Chapter text (CHAP0083)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+CHAP0083)
2. **Senate: Bill text as passed Senate and House (SB1217ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1217ER)
3. **Senate: Prefiled and ordered printed; offered 01/11/17 17101945D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+SB1217)

## Votes

- Reported from Commerce and Labor — **15–0** (pass) · legislature
- Read third time and passed Senate — **39–0** (pass) · legislature
- Rereferred from Courts of Justice — **11–0** (pass) · legislature
- Passed House BLOCK VOTE — **97–0** (pass) · legislature
- Constitutional reading dispensed — **40–0** (pass) · legislature
- Reported from Courts of Justice — **21–0** (pass) · legislature

## Sponsors

- A. Benton "Ben" Chafin — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2017-01-10** Prefiled and ordered printed; offered 01/11/17 17101945D `introduction`
- **2017-01-10** Referred to Committee for Courts of Justice `referral-committee`
- **2017-01-16** Rereferred to Commerce and Labor `referral-committee`
- **2017-01-26** Read second time and engrossed `reading-2`
- **2017-01-31** Placed on Calendar
- **2017-01-31** Read first time `reading-1`
- **2017-01-31** Referred to Committee for Courts of Justice `referral-committee`
- **2017-02-10** Read second time `reading-2`
- **2017-02-13** Read third time `reading-3`
- **2017-02-13** Passed House BLOCK VOTE (97-Y 0-N) `passage`
- **2017-02-14** Enrolled
- **2017-02-14** Signed by Speaker
- **2017-02-15** Signed by President
- **2017-02-15** Enrolled Bill Communicated to Governor on 2/15/17
- **2017-02-15** Governor's Action Deadline Midnight, February 22, 2017
- **2017-02-20** Approved by Governor-Chapter 83 (effective 7/1/17) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a6996309-325f-40da-b8da-0a5e5e20af9a`. Confidence: reported (aggregated from official Virginia legislature records).