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1995 SESSION

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HB 1730 Loans to executive officers and directors of savings institutions.

Introduced by: R. Creigh Deeds | all patrons    ...    notes | add to my profiles

SUMMARY:

Loans to executive officers and directors of savings institutions. Requires approval from a majority of the board of directors or from a committee of officers and directors appointed by the board of a savings institution for loans or lines of credit to executive officers which exceed prescribed limits. The bill provides that an executive officer is one who participates or has authority to participate in the major policymaking functions of the savings institution. Under the bill, such approval is not needed for loans to officers and employees of the institution.

FULL TEXT

• 01/18/95  House: Presented & ordered printed LD0237681  pdf
• 02/21/95  House: Bill text as passed House and Senate (HB1730ER)  pdf
• 03/10/95  Governor: Acts of Assembly Chapter text (CHAP0083)  pdf

HISTORY

• 01/18/95  House: Presented & ordered printed LD0237681
• 01/18/95  House: Referred to Committee on Corporations, Insurance and Banking
• 01/24/95  House: Reported from Corp., Ins. & Banking (22-Y 0-N)
• 01/25/95  House: Read first time
• 01/26/95  House: Read second time and engrossed
• 01/27/95  House: Read third time and passed House (96-Y 0-N)
• 01/27/95  House: VOTE: PASSAGE (96-Y 0-N)
• 01/27/95  House: Communicated to Senate
• 01/30/95  Senate: Read first time
• 01/30/95  Senate: Referred to Committee on Commerce and Labor
• 02/13/95  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/14/95  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/14/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/15/95  Senate: Read third time
• 02/15/95  Senate: Passed Senate (40-Y 0-N)
• 02/15/95  Senate: VOTE: PASSAGE (40-Y 0-N)
• 02/21/95  House: Bill text as passed House and Senate (HB1730ER)
• 02/24/95  House: Enrolled
• 02/24/95  House: Signed by Speaker
• 02/24/95  Senate: Signed by President
• 03/07/95  Governor: Approved by Governor-Chapter 83 (effective 7/1/95)
• 03/10/95  Governor: Acts of Assembly Chapter text (CHAP0083)