Legislation - HB1049

Title: Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
Sponsored by: Delegate Crosby
Status: In the House - Returned Passed
Analysis: Fiscal and Policy Note

Synopsis

Authorizing a majority of the board of a surviving credit union to approve a proposed merger without the affirmative vote of a majority of the members of the surviving credit union, subject to certain requirements.

Committees

Original:: Economic Matters Click to view Recorded Media

Opposite:: Finance

Committee Testimony

Witness List

Details

Cross-filed with: SB0783

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber House Calendar Date 2/09/2026 Legislative Date 2/09/2026 Action First Reading Economic Matters Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement Proceedings
Chamber House Calendar Date 2/16/2026 Legislative Date 2/16/2026 Action Hearing 3/03 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/19/2026 Legislative Date 2/19/2026 Action Hearing canceled Proceedings
Chamber House Calendar Date 2/19/2026 Legislative Date 2/19/2026 Action Hearing 3/10 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/16/2026 Legislative Date 3/16/2026 Action Favorable Report by Economic Matters Proceedings
Chamber House Calendar Date 3/17/2026 Legislative Date 3/03/2026 Action Favorable Adopted Proceedings 40 Click to view Recorded Media
Chamber House Calendar Date 3/17/2026 Legislative Date 3/03/2026 Action Second Reading Passed Proceedings 40 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement Proceedings
Chamber House Calendar Date 3/18/2026 Legislative Date 3/05/2026 Action Third Reading Passed (133-0) Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/19/2026 Legislative Date 3/03/2026 Action Referred Finance Proceedings 42AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/30/2026 Legislative Date 3/30/2026 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/31/2026 Legislative Date 3/13/2026 Action Favorable Adopted Second Reading Passed Proceedings 52 Click to view Recorded Media
Chamber Senate Calendar Date 4/06/2026 Legislative Date 3/17/2026 Action Third Reading Passed (46-0) Proceedings 56 Click to view Recorded Media
Chamber House Calendar Date 4/07/2026 Legislative Date 3/20/2026 Action Returned Passed Proceedings 57 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/09/2026	2/09/2026	First Reading Economic Matters
			Text - First - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
House	2/16/2026	2/16/2026	Hearing 3/03 at 1:00 p.m.
House	2/19/2026	2/19/2026	Hearing canceled
House	2/19/2026	2/19/2026	Hearing 3/10 at 1:00 p.m.
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	3/16/2026	3/16/2026	Favorable Report by Economic Matters
House	3/17/2026	3/03/2026	Favorable Adopted	40 Click to view Recorded Media
House	3/17/2026	3/03/2026	Second Reading Passed	40 Click to view Recorded Media
			Text - Third - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
House	3/18/2026	3/05/2026	Third Reading Passed (133-0)	42 Click to view Recorded Media
Senate	3/19/2026	3/03/2026	Referred Finance	42AClick to view Recorded Media
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/30/2026	3/30/2026	Favorable Report by Finance
Senate	3/31/2026	3/13/2026	Favorable Adopted Second Reading Passed	52 Click to view Recorded Media
Senate	4/06/2026	3/17/2026	Third Reading Passed (46-0)	56 Click to view Recorded Media
House	4/07/2026	3/20/2026	Returned Passed	57 Click to view Recorded Media

File Code

Subjects

Statutes