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2010 SESSION

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SB 440 Credit unions; conversion to a state mutual savings institution.

Introduced by: Richard L. Saslaw | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Credit unions and banks; mergers and consolidations. Establishes a procedure by which a state credit union may convert to a state mutual savings institution. Conversion requires approval of two-thirds of the eligible and voting members of the credit union, unless the articles of incorporation allow a greater or lesser vote (which shall in no event be less than a majority). HB 482 is identical.

FULL TEXT

• 01/13/10  Senate: Prefiled and ordered printed; offered 01/13/10 10103602D  pdf | impact statement
• 02/08/10  Senate: Committee substitute printed 10105117D-S1  pdf | impact statement
• 03/05/10  Senate: Bill text as passed Senate and House (SB440ER)  pdf | impact statement
• 04/10/10  Governor: Acts of Assembly Chapter text (CHAP0372)  pdf

HISTORY

• 01/13/10  Senate: Prefiled and ordered printed; offered 01/13/10 10103602D
• 01/13/10  Senate: Referred to Committee on Commerce and Labor
• 02/08/10  Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
• 02/08/10  Senate: Committee substitute printed 10105117D-S1
• 02/10/10  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/11/10  Senate: Read second time
• 02/11/10  Senate: Reading of substitute waived
• 02/11/10  Senate: Committee substitute agreed to 10105117D-S1
• 02/11/10  Senate: Engrossed by Senate - committee substitute SB440S1
• 02/12/10  Senate: Read third time and passed Senate (39-Y 0-N)
• 02/16/10  House: Placed on Calendar
• 02/16/10  House: Read first time
• 02/16/10  House: Referred to Committee on Commerce and Labor
• 02/23/10  House: Reported from Commerce and Labor (22-Y 0-N)
• 02/25/10  House: Read second time
• 02/26/10  House: Read third time
• 02/26/10  House: Passed House BLOCK VOTE (96-Y 0-N)
• 02/26/10  House: VOTE: BLOCK VOTE PASSAGE (96-Y 0-N)
• 03/05/10  Senate: Enrolled
• 03/05/10  Senate: Bill text as passed Senate and House (SB440ER)
• 03/05/10  House: Signed by Speaker
• 03/08/10  Senate: Signed by President
• 04/10/10  Governor: Approved by Governor-Chapter 372 (effective 7/1/10)
• 04/10/10  Governor: Acts of Assembly Chapter text (CHAP0372)