Virginia bills · 2026 Regular Session
Virginia SB 479
Virginia Stock Corporation Act; changes to Act.
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- David W. Marsden (Democratic)
Summary
Official abstract published by the Virginia legislature· SUMMARY AS PASSED
Virginia Stock Corporation Act. Makes various changes to the Virginia Stock Corporation Act, many of which conform the Act to recent changes to the Model Business Corporation Act produced by the Corporate Laws Committee of the American Bar Association's Business Law Section. Among other things, the bill (i) addresses the authority of a board of directors to delegate authority with respect to the issuance of shares to a committee of the board and one or more of the corporation's officers, (ii) removes the requirement for the cessation of shareholder agreements when a corporation becomes a public corporation, (iii) requires a corporation to maintain in its records certain shareholder agreements, (iv) removes the requirement for a corporation to maintain its financial statements for the three most recent fiscal years, and (v) authorizes a corporation to submit a matter to a vote of its shareholders even if, after approving the matter, the board of directors determines it no longer recommends such matter. This bill is identical to HB 316.
Text versions
- Introduced
- Commerce and Labor Substitute
- Subcommittee #1 Subcommittee Amendment
- Labor and Commerce Amendment
- House Amendments
- Enrolled
Roll-call votes
State vote data last updated Oct 14, 2026, 8:13 PM.
| Date | Vote | Result | Your legislators |
|---|---|---|---|
| Mar 11, 2026 Senate | Concur House Amendments R | pass | Set your home in Virginia to see |
| Mar 10, 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 13, 2026
Approved by Governor-Chapter 892 (effective 7/1/2026) - Apr 6, 2026 · Senate
Fiscal Impact Statement from State Corporation Commission (SB479) - 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 (SB479ER) - Mar 30, 2026 · Senate
Enrolled - Mar 11, 2026 · Senate
House amendments agreed to by Senate (40-Y 0-N 0-A) - Mar 10, 2026 · House
Passed House with amendments (99-Y 0-N 0-A) - Mar 10, 2026 · House
Engrossed by House as amended - Mar 10, 2026 · House
committee amendments agreed to - Mar 10, 2026 · House
Read third time - 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 26, 2026 · Senate
Fiscal Impact Statement from State Corporation Commission (SB479) - 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 - 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 26106187D-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
Senate committee offered - Jan 25, 2026 · Senate
Fiscal Impact Statement from State Corporation Commission (SB479) - Jan 13, 2026 · Senate
Referred to Committee on Commerce and Labor - Jan 13, 2026 · Senate
Prefiled and ordered printed; Offered 01-14-2026 26103811D