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- Subject Index: Since 1995
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Developed and maintained by the Division of Legislative Automated Systems.
1996 SESSION
HB 361 Financial institutions; adverse claims to accounts.
Introduced by: R. Creigh Deeds | all patrons ... notes | add to my profiles
SUMMARY:
Financial institutions; adverse claims to accounts. Requires a financial institution doing business in Virginia to recognize an adverse claim to funds in an account with the institution only if the adverse claimant either (i) procures a restraining order, injunction or other appropriate order against the institution or unless the institution is served with a notice of lien (pursuant to § 8.01-502) or (ii) executes to the institution a bond indemnifying the institution from any and all liability, loss, etc., on account of the payment, recognition or other treatment of the adverse claim. The bill further provides that its provisions do not affect the statutes governing multiple-party accounts (pursuant to § 6.1-125.1 et seq.) or notices of lien issued pursuant to Title 58.1 (Taxation).
FULL TEXT
- 01/16/96 House: Presented & ordered printed 960284202 pdf
- 02/28/96 House: Reenrolled bill text (HB361ER) pdf
- 04/30/96 Governor: Acts of Assembly Chapter text (CHAP0963) pdf
AMENDMENTS
HISTORY
- 01/16/96 House: Presented & ordered printed 960284202
- 01/16/96 House: Referred to Committee on Corporations, Insurance and Banking
- 01/23/96 House: Reported from Corp., Ins. & Banking (22-Y 0-N)
- 01/24/96 House: Read first time
- 01/25/96 House: Read second time and engrossed
- 01/26/96 House: Read third time and passed House (Block Vote) (98-Y 0-N)
- 01/26/96 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 01/26/96 House: Communicated to Senate
- 01/29/96 Senate: Read first time
- 01/29/96 Senate: Referred to Committee on Commerce and Labor
- 02/19/96 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 02/20/96 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/20/96 Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
- 02/21/96 Senate: Read third time
- 02/21/96 Senate: Passed Senate (40-Y 0-N)
- 02/21/96 Senate: VOTE: PASSAGE (40-Y 0-N)
- 02/28/96 House: Reenrolled bill text (HB361ER)
- 03/04/96 House: Enrolled
- 03/04/96 House: Signed by Speaker
- 03/05/96 Senate: Signed by President
- 04/10/96 House: Governor's recommendation received by House
- 04/17/96 House: House concurred in Gov's recommendation (99-Y 0-N)
- 04/17/96 House: VOTE: ADOPTION (99-Y 0-N)
- 04/17/96 Senate: Senate concurred in Gov's recommendation (36-Y 0-N)
- 04/17/96 Senate: VOTE: AGREE TO GOV'S RECOMM. (36-Y 0-N)
- 04/17/96 Governor: Governor's recommendation adopted
- 04/17/96 House: Reenrolled
- 04/17/96 House: Signed by Speaker as reenrolled
- 04/17/96 Senate: Signed by President as reenrolled
- 04/17/96 House: Enacted, Chapter 963 (effective 7/1/96)
- 04/30/96 Governor: Acts of Assembly Chapter text (CHAP0963)