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2018 SESSION
HB 789 Banks; stock ownership by directors.
Introduced by: Mark L. Keam | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Banks; stock ownership by directors. Provides that a bank director is deemed to be the sole owner of shares in the bank that are deposited by the director in a living trust, or inter vivos trust, as to which the director is a trustee and retains an absolute power of revocation. Currently, a director is deemed to be the sole owner of shares that are deposited in such a trust only if the director is the sole trustee of the trust. This bill is identical to SB 260.
FULL TEXT
- 01/09/18 House: Prefiled and ordered printed; offered 01/10/18 18102279D pdf | impact statement
- 02/26/18 House: Bill text as passed House and Senate (HB789ER) pdf | impact statement
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0262) pdf
HISTORY
- 01/09/18 House: Prefiled and ordered printed; offered 01/10/18 18102279D
- 01/09/18 House: Referred to Committee on Commerce and Labor
- 01/18/18 House: Reported from Commerce and Labor (22-Y 0-N)
- 01/22/18 House: Read first time
- 01/23/18 House: Read second time and engrossed
- 01/24/18 House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
- 01/24/18 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 01/25/18 Senate: Constitutional reading dispensed
- 01/25/18 Senate: Referred to Committee on Commerce and Labor
- 02/19/18 Senate: Reported from Commerce and Labor (11-Y 0-N)
- 02/21/18 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/22/18 Senate: Read third time
- 02/22/18 Senate: Passed Senate (40-Y 0-N)
- 02/26/18 House: Enrolled
- 02/26/18 House: Bill text as passed House and Senate (HB789ER)
- 02/26/18 House: Signed by Speaker
- 02/28/18 Senate: Signed by President
- 03/02/18 House: Enrolled Bill communicated to Governor on March 2, 2018
- 03/02/18 Governor: Governor's Action Deadline Midnight, March 9, 2018
- 03/09/18 Governor: Approved by Governor-Chapter 262 (effective 7/1/18)
- 03/09/18 Governor: Acts of Assembly Chapter text (CHAP0262)