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1995 SESSION

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HB 1732 Payment of dividends by banks.

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

SUMMARY:

Payment of dividends by banks. Authorizes the State Corporation Commission to limit or approve the payment of dividends by banks when warranted by the financial condition of the bank. Under current law, the SCC is authorized only to limit the payment of dividends by a bank, and to do so when it is in the public interest and is necessary to ensure the financial soundness of the bank.

FULL TEXT

• 01/18/95  House: Presented & ordered printed LD0236681  pdf
• 02/21/95  House: Bill text as passed House and Senate (HB1732ER)  pdf
• 03/10/95  Governor: Acts of Assembly Chapter text (CHAP0084)  pdf

HISTORY

• 01/18/95  House: Presented & ordered printed LD0236681
• 01/18/95  House: Referred to Committee on Corporations, Insurance and Banking
• 01/24/95  House: Reported from Corp., Ins. & Banking (21-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 (HB1732ER)
• 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 84 (effective 7/1/95)
• 03/10/95  Governor: Acts of Assembly Chapter text (CHAP0084)