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1999 SESSION

• | print version

HB 1938 Certificate of authority of a savings association to do business.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Banking and finance; certificate of authority of a savings association to do business. Eliminates the requirement that organizing savings institutions establish a separate capital account labeled “reserve for operation” prior to receiving a certificate of authority from the State Corporation Commission. Financial reports do not normally provide such reserves, and including these reserves is in violation of Generally Accepted Accounting Procedures (GAAP).

FULL TEXT

• 01/18/99  House: Presented & ordered printed 993325845  pdf
• 02/25/99  House: Bill text as passed House and Senate (HB1938ER)  pdf
• 03/23/99  Governor: Acts of Assembly Chapter text (CHAP0095)  pdf

HISTORY

• 01/18/99  House: Presented & ordered printed 993325845
• 01/18/99  House: Referred to Committee on Corporations, Insurance and Banking
• 01/21/99  House: Reported from Corp., Ins. & Banking (26-Y 0-N)
• 01/22/99  House: Read first time
• 01/25/99  House: Passed by for the day
• 01/26/99  House: Read second time and engrossed
• 01/27/99  House: Read third time and passed House (Block Vote) (99-Y 0-N)
• 01/27/99  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 01/27/99  House: Communicated to Senate
• 01/28/99  Senate: Constitutional reading dispensed
• 01/28/99  Senate: Referred to Committee on Commerce and Labor
• 02/15/99  Senate: Reported from Commerce and Labor (15-Y 0-N)
• 02/16/99  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/16/99  Senate: VOTE: CONST. RDG. DISPENSED R (40-Y 0-N)
• 02/17/99  Senate: Read third time
• 02/17/99  Senate: Passed Senate (40-Y 0-N)
• 02/17/99  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/25/99  House: Bill text as passed House and Senate (HB1938ER)
• 03/01/99  House: Enrolled
• 03/01/99  House: Signed by Speaker
• 03/03/99  Senate: Signed by President
• 03/15/99  Governor: Approved by Governor-Chapter 95 (effective 7/1/99)
• 03/23/99  Governor: Acts of Assembly Chapter text (CHAP0095)