Virginia bills · 2026 Regular Session
Virginia SB 246
Virginia Nonstock Corporation Act; numerous revisions to Act, delayed effective date.
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Scott A. Surovell (Democratic)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS PASSED
Virginia Nonstock Corporation Act. Provides for numerous revisions to the Virginia Nonstock Corporation Act. Among other revisions, the bill (i) authorizes certain actions to derive from its bylaws in addition to its articles of incorporation, (ii) makes changes to the process of amending articles of incorporation and bylaws, (iii) authorizes inclusion of an exclusive forum provision in the bylaws, (iv) permits transfer of membership interests, (v) authorizes members to bring derivative proceedings, (vi) permits a court to remove a director in certain circumstances, (vii) provides for abandonment of an amendment or restatement of the articles of incorporation, (viii) extends the current provisions related to mergers to include interest exchanges and to provide for parent-subsidiary mergers, (ix) replaces existing provisions on conversion with provisions based on the Virginia Stock Act, and (x) adds provisions governing charitable corporations and charitable assets, including the authority of the Office of the Attorney General with respect to such. The bill includes technical amendments and has a delayed effective date of January 1, 2027. This bill is identical to HB 439.
Text versions
- Introduced
- Commerce and Labor Substitute
- Subcommittee #1 Subcommittee Amendment
- Labor and Commerce Amendment
- Delegate Hope Amendments
- House Amendments
- Enrolled
- Chaptered
Roll-call votes
State vote data last updated Oct 15, 2026, 4:19 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Mar 12, 2026 Senate | Concur House Amendments R | pass | Set your home in Virginia to see |
| Mar 11, 2026 House | H VOTE: | pass | Set your home in Virginia to see |
| Mar 5, 2026 House | Reported from Labor and Commerce with amendment(s) | pass | Set your home in Virginia to see |
| Mar 3, 2026 House | Subcommittee recommends reporting with amendment(s) | pass | Set your home in Virginia to see |
| Jan 30, 2026 Senate | Passage R | pass | Set your home in Virginia to see |
| Jan 28, 2026 Senate | Constitutional reading dispensed R | pass | Set your home in Virginia to see |
| Jan 26, 2026 Senate | Reported from Commerce and Labor with substitute | pass | Set your home in Virginia to see |
Actions
- Apr 8, 2026
Acts of Assembly Chapter text (CHAP0394) - Apr 8, 2026
Approved by Governor-Chapter 394 (effective 1/1/2027) - Apr 6, 2026 · Senate
Fiscal Impact Statement from State Corporation Commission (SB246) - Mar 31, 2026
Governor's Action Deadline 11:59 p.m., April 13, 2026 - Mar 31, 2026 · Senate
Enrolled Bill communicated to Governor on March 31, 2026 - Mar 31, 2026 · House
Signed by Speaker - Mar 30, 2026 · Senate
Signed by President - Mar 30, 2026 · Senate
Bill text as passed Senate and House (SB246ER) - Mar 30, 2026 · Senate
Enrolled - Mar 12, 2026 · Senate
House amendments agreed to by Senate (40-Y 0-N 0-A) - Mar 11, 2026 · House
Passed House with amendments (99-Y 0-N 0-A) - Mar 11, 2026 · House
Engrossed by House as amended - Mar 11, 2026 · House
Delegate Hope Floor amendments agreed to - Mar 11, 2026 · House
committee amendments agreed to - Mar 11, 2026 · House
Read third time - Mar 11, 2026 · House
Floor offered Delegate Hope Amendments - Mar 11, 2026 · House
Moved from Uncontested Calendar to Regular Calendar - Mar 10, 2026 · House
Passed by for the day - Mar 9, 2026 · House
Read second time - Mar 5, 2026 · House
Reported from Labor and Commerce with amendment(s) (21-Y 0-N) - Mar 3, 2026 · House
Subcommittee recommends reporting with amendment(s) (9-Y 0-N) - Mar 3, 2026 · House
House subcommittee offered - Feb 25, 2026 · House
Assigned HCL sub: Subcommittee #1 - Feb 4, 2026 · House
Referred to Committee on Labor and Commerce - Feb 4, 2026 · House
Read first time - Feb 4, 2026 · House
Placed on Calendar - Feb 2, 2026 · Senate
Fiscal Impact Statement from State Corporation Commission (SB246) - Jan 30, 2026 · Senate
Read third time and passed Senate (38-Y 0-N 0-A) - Jan 29, 2026 · Senate
Engrossed by Senate - committee substitute - Jan 29, 2026 · Senate
Engrossed by Senate (Voice Vote) - Jan 29, 2026 · Senate
Commerce and Labor Substitute agreed to - Jan 29, 2026 · Senate
Read second time - Jan 28, 2026 · Senate
Passed by for the day - Jan 28, 2026 · Senate
Passed by for the day Block Vote (Voice Vote) - Jan 28, 2026 · Senate
Constitutional reading dispensed Block Vote (on 1st reading) (40-Y 0-N 0-A) - Jan 28, 2026 · Senate
Rules suspended - Jan 27, 2026 · Senate
Committee substitute printed 26106184D-S1 - Jan 26, 2026 · Senate
Reported from Commerce and Labor with substitute (15-Y 0-N) - Jan 26, 2026 · Senate
Senate committee offered - Jan 26, 2026 · Senate
Fiscal Impact Statement from State Corporation Commission (SB246) - Jan 12, 2026 · Senate
Referred to Committee on Commerce and Labor - Jan 12, 2026 · Senate
Prefiled and ordered printed; Offered 01-14-2026 26105208D