republic-os/legislation/us/states/va/2018/hb-789.md

type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags

type	title	description	jurisdiction	legislature	session	identifier	citation	classification	subjects	status	primary_sponsors	version_count	action_count	vote_count	first_action	last_action	source	source_identifier	source_url	source_hash	vintage	source_snapshot	retrieved_at	confidence	tags
Bill	Banks; stock ownership by directors.	Provides that a bank director is deemed to be the sole owner of shares in the bank that are deposited by the director in a living trust, or inter vivos trust, as to which the director is a trustee and retains an absolute power of revocation. Currently, a director is deemed to be the sole owner of shares that are deposited in such a trust only if the director is the sole trustee of the trust. This bill is identical to	us/states/va	Virginia General Assembly	2018	HB 789	Virginia HB 789 (2018)	bill		enacted	Mark L. Keam	2	14	5	2018-01-09	2018-03-09	openstates	ocd-bill/86327440-646a-4a1a-879d-08dbd0b6acf5	http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+HB789	4c980388087205513ff8aeea5ae5af94a85ac3f5bb6efdf1f201c8d2fbfc3315	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia HB 789 (2018) — Banks; stock ownership by directors.

Provides that a bank director is deemed to be the sole owner of shares in the bank that are deposited by the director in a living trust, or inter vivos trust, as to which the director is a trustee and retains an absolute power of revocation. Currently, a director is deemed to be the sole owner of shares that are deposited in such a trust only if the director is the sole trustee of the trust. This bill is identical to

Version chain

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

1. House: Bill text as passed House and Senate (HB789ER) (committee substitute) — source
2. House: Prefiled and ordered printed; offered 01/10/18 18102279D (committee substitute) — source

Votes

• Constitutional reading dispensed — 40–0 (pass) · legislature
• Passed Senate — 40–0 (pass) · legislature
• Reported from Commerce and Labor — 11–0 (pass) · legislature
• Read third time and passed House BLOCK VOTE — 98–0 (pass) · legislature
• Reported from Commerce and Labor — 22–0 (pass) · legislature

Sponsors

• Mark L. Keam — primary (person)

Timeline

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

• 2018-01-09 Prefiled and ordered printed; offered 01/10/18 18102279D introduction
• 2018-01-09 Referred to Committee on Commerce and Labor referral-committee
• 2018-01-22 Read first time reading-1
• 2018-01-23 Read second time and engrossed reading-2
• 2018-01-24 Read third time and passed House BLOCK VOTE (98-Y 0-N) passage, reading-3
• 2018-01-25 Constitutional reading dispensed
• 2018-01-25 Referred to Committee on Commerce and Labor referral-committee
• 2018-02-22 Read third time reading-3
• 2018-02-26 Enrolled
• 2018-02-26 Signed by Speaker
• 2018-02-28 Signed by President
• 2018-03-02 Enrolled Bill communicated to Governor on March 2, 2018
• 2018-03-02 Governor's Action Deadline Midnight, March 9, 2018
• 2018-03-09 Approved by Governor-Chapter 262 (effective 7/1/18) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/86327440-646a-4a1a-879d-08dbd0b6acf5. Confidence: reported (aggregated from official Virginia legislature records).