2022 General Counsel Report

2022 VBA General Counsel Report

This report summarizes legislation of interest to the banking industry passed during the 2022 Session and 2022 Special Session I of the Virginia General Assembly and signed into law by the Governor. Please note that at this time, the General Assembly remains in Special Session and the budget has not yet been signed by the Governor. An updated Counsel’s Report will be sent if the final budget language alters any of the statues included herein. All legislation will become effective July 1, 2022, unless otherwise noted. The report is divided into six sections by subject matter:

A. Banking and Finance
B. Wills, Trusts, and Estates
C. Property
D. Civil Procedure and Remedies
E. Labor and Employment
F. Miscellaneous

Many of these summaries are based on summaries prepared by the Division of Legislative Services of the General Assembly. The work of the Division is gratefully acknowledged. The information contained in this report is provided as a service to the banking industry in Virginia and does not constitute legal advice or opinion. Please consult an attorney for advice on specific matters. The text contained in this report is not the official text of the Code of Virginia (hereinafter the “Code”). The full text of the Code and the legislation summarized herein is available at https://law.lis.virginia.gov/vacode.

2021 General Counsel Report

2021 VBA General Counsel Report

This report summarizes legislation of interest to the banking industry passed during the 2020 Special Session I, 2021 Session and 2021 Special Session I of the Virginia General Assembly and signed into law by the Governor. All legislation will become effective July 1, 2021, unless otherwise noted. The report is divided into four sections by subject matter:

• A. Banking and Finance
• B. Property
• C. Civil & Criminal Procedure
• D. Miscellaneous

Many of these summaries are based on summaries prepared by the Division of Legislative Services of the General Assembly. The work of the Division is gratefully acknowledged. The information contained in this report is provided as a service to the banking industry in Virginia and does not constitute legal advice or opinion. Please consult an attorney for advice on specific matters. The text contained in this report is not the official text of the Code of Virginia (the “Code”). The full text of the Code and the legislation summarized herein is available at https://law.lis.virginia.gov/vacode.

2020 General Counsel Report

2020 VBA General Counsel Report

This report summarizes legislation of interest to the banking industry passed during the 2020 session of the Virginia General Assembly and signed into law by the Governor. All legislation will become effective July 1, 2020, unless otherwise noted. The report is divided into six sections by subject matter:

• A. Banking and Finance
• B. Wills, Trusts, and Estates
• C. Property
• D. Civil Procedure and Remedies
• E. Labor and Employment
• F. Miscellaneous

Many of these summaries are based on summaries prepared by the Division of Legislative Services of the General Assembly. The work of the Division is gratefully acknowledged. The information contained in this report is provided as a service to the banking industry in Virginia and does not constitute legal advice or opinion. Please consult an attorney for advice on specific matters. The text contained in this report is not the official text of the Code of Virginia (the “Code”). The full text of the Code and the legislation summarized herein is available at https://law.lis.virginia.gov/vacode.

2019 General Counsel Report

2019 VBA General Counsel Report

This report summarizes legislation of interest to the banking industry passed during the 2019 session of the Virginia General Assembly and signed into law by the Governor. All legislation will become effective July 1, 2019, unless otherwise noted. The report is divided into five sections by subject matter:

• A. Banking and Finance
• B. Wills, Trusts, and Estates
• C. Property
• D. Civil Procedure and Remedies
• E. Miscellaneous

Many of these summaries are based on summaries prepared by the Division of Legislative Services of the General Assembly. The work of the Division is gratefully acknowledged. The information contained in this report is provided as a service to the banking industry in Virginia and does not constitute legal advice or opinion. Please consult an attorney for advice on specific matters. The text contained in this report is not the official text of the Code of Virginia (the “Code”). The full text of the Code and the legislation summarized herein is available at https://law.lis.virginia.gov/vacode.

2018 General Counsel Report

2018 VBA General Counsel Report

This report summarizes legislation of interest to the banking industry passed during the 2018 session of the Virginia General Assembly and signed into law by the Governor. All legislation will become effective July 1, 2018, unless otherwise noted. The report is divided into five sections by subject matter:

• A. Banking and Finance
• B. Real Estate
• C. Wills, Trusts, and Estates
• D. Civil Procedure and Remedies
• E. Miscellaneous

Many of these summaries are based on summaries prepared by the Division of Legislative Services of the General Assembly. The work of the Division is gratefully acknowledged. The information contained in this report is provided as a service to the banking industry in Virginia and does not constitute legal advice or opinion. Please consult an attorney for advice on specific matters. The text contained in this report is not the official text of the Code of Virginia (the “Code”). The full text of the Code and the legislation summarized herein is available at https://law.lis.virginia.gov/vacode.