---
type: "Bill"
title: "Banks; directors' meetings."
description: "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"
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2019"
identifier: "HB 2298"
citation: "Virginia HB 2298 (2019)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Israel D. O'Quinn"]
version_count: 3
action_count: 14
vote_count: 5
first_action: "2019-01-08"
last_action: "2019-03-05"
source: "openstates"
source_identifier: "ocd-bill/e5633793-0455-4232-a80e-9673ff883f2b"
source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2298"
source_hash: "1a2cc178b8768576becfe7f533ae3132871c7037dc90af93f9df3d0a6ea7e8ac"
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 HB 2298 (2019) — Banks; directors' meetings.

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

## Version chain

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

1. **Governor: Acts of Assembly Chapter text (CHAP0242)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+CHAP0242)
2. **House: Bill text as passed House and Senate (HB2298ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2298ER)
3. **House: Prefiled and ordered printed; offered 01/09/19 19101445D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2298)

## Votes

- Reported from Commerce and Labor — **13–0** (pass) · upper
- Passed Senate — **40–0** (pass) · upper
- Reported from Commerce and Labor — **21–0** (pass) · lower
- Constitutional reading dispensed — **39–0** (pass) · upper
- Read third time and passed House BLOCK VOTE — **99–0** (pass) · lower

## Sponsors

- Israel D. O'Quinn — primary (person)

## Timeline

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

- **2019-01-08** Prefiled and ordered printed; offered 01/09/19 19101445D `introduction`
- **2019-01-08** Referred to Committee on Commerce and Labor `referral-committee`
- **2019-01-24** Read first time `reading-1`
- **2019-01-25** Read second time and engrossed `reading-2`
- **2019-01-28** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
- **2019-01-29** Constitutional reading dispensed
- **2019-01-29** Referred to Committee on Commerce and Labor `referral-committee`
- **2019-02-14** Read third time `reading-3`
- **2019-02-19** Enrolled
- **2019-02-19** Signed by Speaker
- **2019-02-20** Signed by President
- **2019-02-21** Enrolled Bill communicated to Governor on February 21, 2019
- **2019-02-21** Governor's Action Deadline Midnight, March 26, 2019
- **2019-03-05** Approved by Governor-Chapter 242 (effective 7/1/19) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e5633793-0455-4232-a80e-9673ff883f2b`. Confidence: reported (aggregated from official Virginia legislature records).