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2020 SESSION

• | print version

SB 296 Credit unions; board of directors compensation.

Introduced by: David W. Marsden | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED SENATE: (all summaries)

Credit unions; director compensation. Provides that compensation of members of a credit union's board of directors and members of the credit and supervisory committees shall be determined by a written policy approved by the board of directors, provided that annual compensation for an individual member does not exceed $6,000. The measure removes the existing prohibition on compensating members of a credit union's board of directors for services as a member of the board. This bill is identical to HB 813.

FULL TEXT

• 01/03/20  Senate: Prefiled and ordered printed; offered 01/08/20 20102695D  pdf | impact statement
• 01/20/20  Senate: Committee substitute printed 20106137D-S1  pdf | impact statement
• 03/05/20  Senate: Bill text as passed Senate and House (SB296ER)  pdf | impact statement
• 03/31/20  Governor: Acts of Assembly Chapter text (CHAP0547)  pdf

HISTORY

• 01/03/20  Senate: Prefiled and ordered printed; offered 01/08/20 20102695D
• 01/03/20  Senate: Referred to Committee on Commerce and Labor
• 01/20/20  Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
• 01/20/20  Senate: Committee substitute printed 20106137D-S1
• 01/22/20  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/23/20  Senate: Read second time
• 01/23/20  Senate: Reading of substitute waived
• 01/23/20  Senate: Committee substitute agreed to 20106137D-S1
• 01/23/20  Senate: Engrossed by Senate - committee substitute SB296S1
• 01/24/20  Senate: Read third time and passed Senate (39-Y 0-N)
• 02/18/20  House: Placed on Calendar
• 02/18/20  House: Read first time
• 02/18/20  House: Referred to Committee on Labor and Commerce
• 02/25/20  House: Reported from Labor and Commerce (20-Y 0-N)
• 02/27/20  House: Read second time
• 02/28/20  House: Read third time
• 02/28/20  House: Passed House BLOCK VOTE (100-Y 0-N)
• 02/28/20  House: VOTE: Block Vote Passage (100-Y 0-N)
• 03/05/20  Senate: Enrolled
• 03/05/20  Senate: Bill text as passed Senate and House (SB296ER)
• 03/06/20  House: Signed by Speaker
• 03/07/20  Senate: Signed by President
• 03/12/20  Senate: Enrolled Bill Communicated to Governor on March 12, 2020
• 03/12/20  Governor: Governor's Action Deadline 11:59 p.m., April 11, 2020
• 03/31/20  Governor: Approved by Governor-Chapter 547 (effective 7/1/20)
• 03/31/20  Governor: Acts of Assembly Chapter text (CHAP0547)