Fabio
77 lines
4.1 KiB
Markdown
77 lines
4.1 KiB
Markdown
---
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type: "Bill"
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title: "Banks; capital stock."
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description: "Repeals a provision that bars the State Corporation Commission from authorizing a bank to commence business if commissions or other compensation have been paid by the bank for the sale of stock in the bank. The measure also removes the requirement that both organizing directors of a bank be bonded for an amount equal to the total amount of money to be collected before the bank opens for business through stock subscriptions or from purchases of the bank's stock. This bill is identical to"
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2019"
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identifier: "HB 2419"
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citation: "Virginia HB 2419 (2019)"
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classification: ["bill"]
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subjects: ["Commissions", "Boards and Institutions Generally", "Financial Institutions and Services", "State Corporation Commission"]
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status: "enacted"
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primary_sponsors: ["David E. Yancey"]
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version_count: 3
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action_count: 14
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vote_count: 5
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first_action: "2019-01-08"
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last_action: "2019-03-08"
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source: "openstates"
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source_identifier: "ocd-bill/7b04a62f-d5f7-4ce9-b5a7-2da266564076"
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source_url: "http://lis.virginia.gov/cgi-bin/legp604.exe?191+sum+HB2419"
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source_hash: "3eee072ce5720a87f0601389ac042d5c15bf45b158f2ea6b55df591c79b9b534"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-va"]
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---
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# Virginia HB 2419 (2019) — Banks; capital stock.
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Repeals a provision that bars the State Corporation Commission from authorizing a bank to commence business if commissions or other compensation have been paid by the bank for the sale of stock in the bank. The measure also removes the requirement that both organizing directors of a bank be bonded for an amount equal to the total amount of money to be collected before the bank opens for business through stock subscriptions or from purchases of the bank's stock. This bill is identical to
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **Governor: Acts of Assembly Chapter text (CHAP0253)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+CHAP0253)
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2. **House: Bill text as passed House and Senate (HB2419ER)** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2419ER)
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3. **House: Prefiled and ordered printed; offered 01/09/19 19103830D** (committee substitute) — [source](http://lis.virginia.gov/cgi-bin/legp604.exe?191+ful+HB2419)
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## Votes
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- Reported from Commerce and Labor — **13–0** (pass) · upper
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- Reported from Commerce and Labor — **22–0** (pass) · lower
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- Read third time and passed House BLOCK VOTE — **99–0** (pass) · lower
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- Passed Senate — **40–0** (pass) · upper
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- Constitutional reading dispensed — **39–0** (pass) · upper
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## Sponsors
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- David E. Yancey — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2019-01-08** Prefiled and ordered printed; offered 01/09/19 19103830D `introduction`
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- **2019-01-08** Referred to Committee on Commerce and Labor `referral-committee`
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- **2019-01-24** Read first time `reading-1`
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- **2019-01-25** Read second time and engrossed `reading-2`
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- **2019-01-28** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
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- **2019-01-29** Constitutional reading dispensed
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- **2019-01-29** Referred to Committee on Commerce and Labor `referral-committee`
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- **2019-02-14** Read third time `reading-3`
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- **2019-02-19** Enrolled
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- **2019-02-19** Signed by Speaker
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- **2019-02-20** Signed by President
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- **2019-02-21** Enrolled Bill communicated to Governor on February 21, 2019
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- **2019-02-21** Governor's Action Deadline Midnight, March 26, 2019
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- **2019-03-08** Approved by Governor-Chapter 253 (effective 7/1/19) `executive-signature`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/7b04a62f-d5f7-4ce9-b5a7-2da266564076`. Confidence: reported (aggregated from official Virginia legislature records).
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