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2011 SESSION
HB 1992 Banks; capital stock.
Introduced by: Bill Janis | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Banks; capital stock. Exempts restricted stock award plans from the requirement that a bank's capital stock be paid in money. The measure also provides that a stock option shall not be granted at a price which is less than 100 percent of the fair market value per share of the stock; an existing provision limits such price to 100 percent of the stock's book value as shown by the bank's last published statement prior to the granting of the option.
SUMMARY AS INTRODUCED:
Banks; capital stock. Exempts restricted stock award plans from the requirement that a bank's capital stock be paid in money. The measure also provides that a stock option shall not be granted at a price which is less than 100 percent of the fair market value per share of the stock; an existing provision limits such price to 100 percent of the stock's book value.