---
type: "Bill"
title: "Credit unions; priority of shares."
description: "Credit unions; priority of shares. Removesa provision that establishes that shares held by a credit union memberare subordinate to all other obligations of the credit union. Thisbill is identical to SB 326."
jurisdiction: "us/states/va"
legislature: "Virginia General Assembly"
session: "2022"
identifier: "HB 268"
citation: "Virginia HB 268 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Kathy J. Byron"]
version_count: 3
action_count: 21
vote_count: 5
first_action: "2022-01-11"
last_action: "2022-04-11"
source: "openstates"
source_identifier: "ocd-bill/18edf4f9-b04f-473d-b0b0-e6fe75eba56a"
source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB268"
source_hash: "acdcd6c619e982f8e66761bd236bf5f4e612107dc86e0f858db92658a5bdeee0"
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 268 (2022) — Credit unions; priority of shares.

Credit unions; priority of shares. Removesa provision that establishes that shares held by a credit union memberare subordinate to all other obligations of the credit union. Thisbill is identical to SB 326.

## Version chain

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

1. **CHAP0675** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0675)
2. **HB268ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB268ER)
3. **Prefiled and ordered printed; offered 01/12/22 22101697D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB268)

## Votes

- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
- Reported from Commerce and Energy (22-Y 0-N) — **22–0** (pass) · lower
- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
- VOTE: Block Vote Passage (97-Y 0-N) — **96–0** (pass) · lower
- Reported from Commerce and Labor (14-Y 0-N) — **14–0** (pass) · upper

## Sponsors

- Kathy J. Byron — primary (person)

## Timeline

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

- **2022-01-11** Prefiled and ordered printed; offered 01/12/22 22101697D `introduction`
- **2022-01-11** Referred to Committee on Commerce and Energy `referral-committee`
- **2022-01-19** Impact statement from SCC (HB268)
- **2022-01-20** Reported from Commerce and Energy (22-Y 0-N) `committee-passage`
- **2022-01-24** Read first time `reading-1`
- **2022-01-25** Read second time and engrossed `reading-2`
- **2022-01-26** Read third time and passed House BLOCK VOTE (97-Y 0-N) `passage, reading-3`
- **2022-01-26** VOTE: Block Vote Passage (97-Y 0-N)
- **2022-01-27** Constitutional reading dispensed
- **2022-01-27** Referred to Committee on Commerce and Labor `referral-committee`
- **2022-02-21** Reported from Commerce and Labor (14-Y 0-N) `committee-passage`
- **2022-02-23** Constitutional reading dispensed (40-Y 0-N)
- **2022-02-24** Read third time `reading-3`
- **2022-02-24** Passed Senate (40-Y 0-N) `passage`
- **2022-02-28** Enrolled
- **2022-02-28** Impact statement from SCC (HB268ER)
- **2022-02-28** Signed by Speaker
- **2022-02-28** Signed by President
- **2022-03-11** Enrolled Bill communicated to Governor on March 11, 2022
- **2022-03-11** Governor's Action Deadline 11:59 p.m., April 11, 2022
- **2022-04-11** Approved by Governor-Chapter 675 (effective 7/1/22) `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/18edf4f9-b04f-473d-b0b0-e6fe75eba56a`. Confidence: reported (aggregated from official Virginia legislature records).