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2012 SESSION

• | print version

HB 1168 Trust institutions; entities authorized to engage in trust business in State includes out-of-state.

Introduced by: Donald W. Merricks | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Trust institutions.  Provides that a federal savings bank, with or without an office or a branch in Virginia, may engage in a trust business in the Commonwealth if it is supervised and regulated by the federal Comptroller of the Currency and is authorized to serve in a fiduciary capacity pursuant to federal law. The measure also clarifies similar existing provisions regarding the authority of national banks to engage in a trust business.

FULL TEXT

• 01/17/12  House: Presented and ordered printed 12104200D  pdf | impact statement
• 02/07/12  House: Committee substitute printed 12104554D-H1  pdf | impact statement
• 02/29/12  House: Bill text as passed House and Senate (HB1168ER)  pdf | impact statement
• 04/04/12  Governor: Acts of Assembly Chapter text (CHAP0608)  pdf

HISTORY

• 01/17/12  House: Presented and ordered printed 12104200D
• 01/17/12  House: Referred to Committee on Commerce and Labor
• 01/19/12  House: Assigned C & L sub: #2
• 02/02/12  House: Subcommittee recommends reporting with amendment(s) (10-Y 0-N)
• 02/07/12  House: Reported from Commerce and Labor with substitute (22-Y 0-N)
• 02/07/12  House: Committee substitute printed 12104554D-H1
• 02/09/12  House: Read first time
• 02/10/12  House: Read second time
• 02/10/12  House: Committee substitute agreed to 12104554D-H1
• 02/10/12  House: Engrossed by House - committee substitute HB1168H1
• 02/13/12  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 02/13/12  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 02/14/12  Senate: Constitutional reading dispensed
• 02/14/12  Senate: Referred to Committee on Commerce and Labor
• 02/20/12  Senate: Reported from Commerce and Labor (16-Y 0-N)
• 02/22/12  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/23/12  Senate: Read third time
• 02/23/12  Senate: Passed Senate (40-Y 0-N)
• 02/29/12  House: Enrolled
• 02/29/12  House: Bill text as passed House and Senate (HB1168ER)
• 02/29/12  House: Signed by Speaker
• 03/01/12  Senate: Signed by President
• 04/04/12  Governor: Approved by Governor-Chapter 608 (effective 7/1/12)
• 04/04/12  Governor: Acts of Assembly Chapter text (CHAP0608)