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2005 SESSION

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HB 1577 Vouchers and statements of assets; eliminates authority of commissioners of accounts.

Introduced by: Gary A. Reese | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Commissioners of accounts; vouchers and statements of assets.  Eliminates the authority of a commissioner of accounts to require a fiduciary to produce the original check as proper verification of a specific payment or distribution to a beneficiary or distributee.  This bill is identical to SB 995.

SUMMARY AS PASSED HOUSE:

Commissioners of accounts; vouchers and statements of assets.  Eliminates the authority of a commissioner of accounts to require a fiduciary to exhibit the original check or proper voucher for a specific payment or for distribution to a beneficiary or distributee where the fiduciary or a financial institution certifies that the original check or proper voucher is unavailable.

SUMMARY AS INTRODUCED:

Commissioners of accounts; vouchers and statements of assets.  Eliminates the authority of the commissioner of accounts to require a fiduciary to exhibit the original check or proper voucher for a specific payment or for distribution to a beneficiary or distributee as a sufficient exhibit of the account.