republic-os/legislation/us/states/va/2018/sb-260.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	SB 260	Virginia SB 260 (2018)	bill	Financial Institutions and Services	enacted	Richard H. Stuart	2	15	5	2018-01-05	2018-03-02	openstates	ocd-bill/81aed316-c945-435d-a4ec-8c8534ac445f	http://lis.virginia.gov/cgi-bin/legp604.exe?181+sum+SB260	2181d8022d5b25dc41a99e4f8bdbbf85adfe31c18e877963a818b1647ae73e42	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia SB 260 (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. Senate: Bill text as passed Senate and House (SB260ER) (committee substitute) — source
2. Senate: Prefiled and ordered printed; offered 01/10/18 18102236D (committee substitute) — source

Votes

• Reported from Commerce and Labor — 15–0 (pass) · legislature
• Constitutional reading dispensed — 40–0 (pass) · legislature
• Read third time and passed Senate — 39–0 (pass) · legislature
• Passed House BLOCK VOTE — 100–0 (pass) · legislature
• Reported from Commerce and Labor — 22–0 (pass) · legislature

Sponsors

• Richard H. Stuart — primary (person)

Timeline

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

• 2018-01-05 Prefiled and ordered printed; offered 01/10/18 18102236D introduction
• 2018-01-05 Referred to Committee on Commerce and Labor referral-committee
• 2018-01-25 Read second time and engrossed reading-2
• 2018-01-31 Placed on Calendar
• 2018-01-31 Read first time reading-1
• 2018-01-31 Referred to Committee on Commerce and Labor referral-committee
• 2018-02-19 Read second time reading-2
• 2018-02-20 Read third time reading-3
• 2018-02-20 Passed House BLOCK VOTE (100-Y 0-N) passage
• 2018-02-22 Enrolled
• 2018-02-22 Signed by Speaker
• 2018-02-23 Signed by President
• 2018-02-26 Enrolled Bill Communicated to Governor on February 26, 2018
• 2018-02-26 Governor's Action Deadline Midnight, March 5, 2018
• 2018-03-02 Approved by Governor-Chapter 76 (effective 7/1/18) executive-signature

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/81aed316-c945-435d-a4ec-8c8534ac445f. Confidence: reported (aggregated from official Virginia legislature records).