SB 734

Virginia Senate bill in Session 2026.

Status: enacted. Latest action: April 13, 2026.

Financial institutions; officers and directors.

Bill ID VA-2026-SB-734
Session 2026
Status enacted
Committee Labor and Commerce; Commerce and Labor
Senate enacted 2026-04-13
Business / Commerce
Summary

Financial institutions; officers and directors. Provides that the State Corporation Commission may permit, upon petition, an individual to serve as an officer or on the boards of directors of more than one financial institution if the Commission finds that the financial institutions are not in competition with each other or that one or both of the institutions might otherwise be denied capable management or direction from an individual residing in or employed in the locality served by an institution.

Sponsor
Hackworth
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-16 Introduced Bill introduced
2026-04-13 Status enacted
2026-04-13 Latest Action Acts of Assembly Chapter text (CHAP0903)
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