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2012 SESSION
SB 121 Bank-owned real estate; repeals provision that limits period that banks may hold.
Introduced by: John C. Watkins | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Bank-owned real estate. Repeals a provision that limits to 10 years the period that banks may hold real estate acquired in satisfaction of a debt previously contracted. The measure allows state banks to hold such property indefinitely without writing down the asset's value. This bill is identical to HB 708.
FULL TEXT
- 01/10/12 Senate: Prefiled and ordered printed; offered 01/11/12 12100736D pdf | impact statement
- 02/23/12 Senate: Bill text as passed Senate and House (SB121ER) pdf | impact statement
- 03/07/12 Governor: Acts of Assembly Chapter text (CHAP0157) pdf
HISTORY
- 01/10/12 Senate: Prefiled and ordered printed; offered 01/11/12 12100736D
- 01/10/12 Senate: Referred to Committee on Commerce and Labor
- 01/16/12 Senate: Reported from Commerce and Labor (16-Y 0-N)
- 01/18/12 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/19/12 Senate: Read second time and engrossed
- 01/20/12 Senate: Bills placed in block (39-Y 0-N)
- 01/20/12 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/20/12 Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
- 01/20/12 Senate: Passed Senate (39-Y 0-N)
- 02/13/12 House: Placed on Calendar
- 02/13/12 House: Read first time
- 02/13/12 House: Referred to Committee on Commerce and Labor
- 02/16/12 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/20/12 House: Read second time
- 02/21/12 House: Read third time
- 02/21/12 House: Passed House BLOCK VOTE (100-0Y 0-N)
- 02/21/12 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/23/12 Senate: Enrolled
- 02/23/12 Senate: Bill text as passed Senate and House (SB121ER)
- 02/23/12 Senate: Signed by President
- 02/23/12 House: Signed by Speaker
- 03/07/12 Governor: Approved by Governor-Chapter 157 (effective 7/1/12)
- 03/07/12 Governor: Acts of Assembly Chapter text (CHAP0157)