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2014 SESSION
SB 517 Banks; minimum capital stock requirement.
Introduced by: Frank W. Wagner | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Banks; minimum capital stock requirement. Provides that the directive that the State Corporation Commission not issue a certificate of authority to a bank unless it finds that individuals have subscribed for specific amounts of the bank's capital stock and surplus does not apply to the Commission's issuance of such a certificate to a bank holding company or to a resulting bank in connection with certain types of mergers involving the holding company and its subsidiary bank. This bill is identical to HB 1062.
FULL TEXT
- 01/08/14 Senate: Prefiled and ordered printed; offered 01/08/14 14103327D pdf | impact statement
- 03/05/14 Senate: Bill text as passed Senate and House (SB517ER) pdf | impact statement
- 03/27/14 Governor: Acts of Assembly Chapter text (CHAP0372) pdf
HISTORY
- 01/08/14 Senate: Prefiled and ordered printed; offered 01/08/14 14103327D
- 01/08/14 Senate: Referred to Committee on Commerce and Labor
- 01/13/14 Senate: Reported from Commerce and Labor (14-Y 0-N)
- 01/15/14 Senate: Constitutional reading dispensed (38-Y 0-N)
- 01/16/14 Senate: Read second time and engrossed
- 01/17/14 Senate: Read third time and passed Senate (38-Y 0-N)
- 01/23/14 House: Placed on Calendar
- 01/23/14 House: Read first time
- 01/23/14 House: Referred to Committee on Commerce and Labor
- 02/25/14 House: Reported from Commerce and Labor (21-Y 0-N)
- 02/27/14 House: Read second time
- 02/28/14 House: Read third time
- 02/28/14 House: Passed House BLOCK VOTE (98-Y 0-N)
- 02/28/14 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 03/05/14 Senate: Enrolled
- 03/05/14 Senate: Bill text as passed Senate and House (SB517ER)
- 03/05/14 House: Signed by Speaker
- 03/08/14 Senate: Signed by President
- 03/27/14 Governor: Approved by Governor-Chapter 372 (effective 7/1/14)
- 03/27/14 Governor: Acts of Assembly Chapter text (CHAP0372)