Fabio
84 lines
4.9 KiB
Markdown
84 lines
4.9 KiB
Markdown
---
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type: "Bill"
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title: "Business entities; conversion and domestication."
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description: "Business entities; conversion and domestication.Provides that, for the purposes of the Virginia Nonstock CorporationAct, the Virginia Limited Liability Act, and the Virginia BusinessTrust Act, \"entity conversion\" has the same meaning as \"conversion\"as defined in each respective act and that a certificate of entityconversion is the same as a certificate of conversion. Additionally,the bill provides that \"incorporation surrender,\" \"organizationsurrender,\" and \"trust surrender\" have the same meaning as \"domestication\"as defined in each such respective act and that a certificate ofincorporation surrender, certificate of organization surrender, anda certificate of trust surrender are the same as a certificate ofdomestication."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2022"
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identifier: "HB 691"
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citation: "Virginia HB 691 (2022)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Mark L. Keam"]
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version_count: 3
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action_count: 21
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vote_count: 5
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first_action: "2022-01-11"
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last_action: "2022-04-05"
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source: "openstates"
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source_identifier: "ocd-bill/b706fb1c-bd23-4962-bb1b-6a956d706213"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?221+sum+HB691"
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source_hash: "9d2a3ec2772cf286bd57917418263406dd3b199d20de885860413a24fb948f00"
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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 691 (2022) — Business entities; conversion and domestication.
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Business entities; conversion and domestication.Provides that, for the purposes of the Virginia Nonstock CorporationAct, the Virginia Limited Liability Act, and the Virginia BusinessTrust Act, "entity conversion" has the same meaning as "conversion"as defined in each respective act and that a certificate of entityconversion is the same as a certificate of conversion. Additionally,the bill provides that "incorporation surrender," "organizationsurrender," and "trust surrender" have the same meaning as "domestication"as defined in each such respective act and that a certificate ofincorporation surrender, certificate of organization surrender, anda certificate of trust surrender are the same as a certificate ofdomestication.
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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. **CHAP0082** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+CHAP0082)
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2. **HB691ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB691ER)
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3. **Prefiled and ordered printed; offered 01/12/22 22101240D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?221+ful+HB691)
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## Votes
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- Passed Senate (39-Y 0-N) — **39–0** (pass) · upper
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- Reported from Commerce and Energy (21-Y 0-N) — **21–0** (pass) · lower
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- VOTE: Block Vote Passage (99-Y 0-N) — **98–0** (pass) · lower
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Commerce and Labor (15-Y 0-N) — **15–0** (pass) · upper
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## Sponsors
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- Mark L. Keam — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2022-01-11** Prefiled and ordered printed; offered 01/12/22 22101240D `introduction`
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- **2022-01-11** Referred to Committee on Commerce and Energy `referral-committee`
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- **2022-01-19** Impact statement from SCC (HB691)
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- **2022-01-25** Reported from Commerce and Energy (21-Y 0-N) `committee-passage`
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- **2022-01-27** Read first time `reading-1`
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- **2022-01-28** Read second time and engrossed `reading-2`
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- **2022-01-31** Read third time and passed House BLOCK VOTE (99-Y 0-N) `passage, reading-3`
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- **2022-01-31** VOTE: Block Vote Passage (99-Y 0-N)
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- **2022-02-01** Constitutional reading dispensed
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- **2022-02-01** Referred to Committee on Commerce and Labor `referral-committee`
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- **2022-02-28** Reported from Commerce and Labor (15-Y 0-N) `committee-passage`
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- **2022-03-02** Constitutional reading dispensed (40-Y 0-N)
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- **2022-03-03** Read third time `reading-3`
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- **2022-03-03** Passed Senate (39-Y 0-N) `passage`
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- **2022-03-08** Enrolled
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- **2022-03-08** Signed by Speaker
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- **2022-03-08** Signed by President
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- **2022-03-10** Impact statement from SCC (HB691ER)
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- **2022-03-22** Enrolled Bill communicated to Governor on March 22, 2022
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- **2022-03-22** Governor's Action Deadline 11:59 p.m., April 11, 2022
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- **2022-04-05** Approved by Governor-Chapter 82 (effective 7/1/22) `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/b706fb1c-bd23-4962-bb1b-6a956d706213`. Confidence: reported (aggregated from official Virginia legislature records).
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