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2012 SESSION

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SB 416 Judgment; payee, etc., may appoint substitute for any attorney-in-fact authorized to confess.

Introduced by: William M. Stanley, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Confession of judgment by a substitute attorney-in-fact. Allows a payee, obligee, or person otherwise entitled to payment under any note or bond to appoint a substitute for any attorney-in-fact authorized to confess judgment. The substitute attorney-in-fact must be specifically named in the instrument appointing the substitute attorney-in-fact, and the instrument must be recorded and indexed. If the note or bond does not provide notice informing the debtor that a substitute attorney-in-fact may be appointed, then, within 10 days after the instrument appointing the substitute attorney-in-fact is recorded, the person appointing the substitute shall send notice of the appointment to the debtor. This bill is identical to HB 648.

FULL TEXT

• 01/11/12  Senate: Prefiled and ordered printed; offered 01/11/12 12104077D  pdf
• 01/23/12  Senate: Committee substitute printed 12104351D-S1  pdf
• 02/22/12  Senate: Bill text as passed Senate and House (SB416ER)  pdf
• 03/06/12  Governor: Acts of Assembly Chapter text (CHAP0118)  pdf

HISTORY

• 01/11/12  Senate: Prefiled and ordered printed; offered 01/11/12 12104077D
• 01/11/12  Senate: Referred to Committee for Courts of Justice
• 01/23/12  Senate: Reported from Courts of Justice with substitute (15-Y 0-N)
• 01/23/12  Senate: Committee substitute printed 12104351D-S1
• 01/24/12  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/25/12  Senate: Read second time
• 01/25/12  Senate: Reading of substitute waived
• 01/25/12  Senate: Committee substitute agreed to 12104351D-S1
• 01/25/12  Senate: Engrossed by Senate - committee substitute SB416S1
• 01/26/12  Senate: Read third time and passed Senate (38-Y 0-N)
• 01/26/12  Senate: Reconsideration of passage agreed to by Senate (40-Y 0-N)
• 01/26/12  Senate: Passed Senate (40-Y 0-N)
• 02/13/12  House: Placed on Calendar
• 02/13/12  House: Read first time
• 02/13/12  House: Referred to Committee for Courts of Justice
• 02/15/12  House: Reported from Courts of Justice (18-Y 0-N)
• 02/17/12  House: Read second time
• 02/20/12  House: Read third time
• 02/20/12  House: Passed House BLOCK VOTE (98-Y 0-N)
• 02/20/12  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 02/20/12  House: Reconsideration of House passage agreed to by House
• 02/20/12  House: Passed House BLOCK VOTE (98-Y 0-N)
• 02/20/12  House: VOTE: PASSAGE #2 (98-Y 0-N)
• 02/22/12  Senate: Enrolled
• 02/22/12  Senate: Bill text as passed Senate and House (SB416ER)
• 02/22/12  Senate: Signed by President
• 02/22/12  House: Signed by Speaker
• 03/06/12  Governor: Approved by Governor-Chapter 118 (effective 7/1/12)
• 03/06/12  Governor: Acts of Assembly Chapter text (CHAP0118)