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2012 SESSION

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SB 121 Bank-owned real estate; repeals provision that limits period that banks may hold.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Bank-owned real estate.  Repeals a provision that limits to 10 years the period that banks may hold real estate acquired in satisfaction of a debt previously contracted. The measure allows state banks to hold such property indefinitely without writing down the asset's value. This bill is identical to HB 708.

FULL TEXT

• 01/10/12  Senate: Prefiled and ordered printed; offered 01/11/12 12100736D  pdf | impact statement
• 02/23/12  Senate: Bill text as passed Senate and House (SB121ER)  pdf | impact statement
• 03/07/12  Governor: Acts of Assembly Chapter text (CHAP0157)  pdf

HISTORY

• 01/10/12  Senate: Prefiled and ordered printed; offered 01/11/12 12100736D
• 01/10/12  Senate: Referred to Committee on Commerce and Labor
• 01/16/12  Senate: Reported from Commerce and Labor (16-Y 0-N)
• 01/18/12  Senate: Constitutional reading dispensed (39-Y 0-N)
• 01/19/12  Senate: Read second time and engrossed
• 01/20/12  Senate: Bills placed in block (39-Y 0-N)
• 01/20/12  Senate: Read third time and passed Senate (38-Y 0-N)
• 01/20/12  Senate: Reconsideration of passage agreed to by Senate (39-Y 0-N)
• 01/20/12  Senate: Passed Senate (39-Y 0-N)
• 02/13/12  House: Placed on Calendar
• 02/13/12  House: Read first time
• 02/13/12  House: Referred to Committee on Commerce and Labor
• 02/16/12  House: Reported from Commerce and Labor (22-Y 0-N)
• 02/20/12  House: Read second time
• 02/21/12  House: Read third time
• 02/21/12  House: Passed House BLOCK VOTE (100-0Y 0-N)
• 02/21/12  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/23/12  Senate: Enrolled
• 02/23/12  Senate: Bill text as passed Senate and House (SB121ER)
• 02/23/12  Senate: Signed by President
• 02/23/12  House: Signed by Speaker
• 03/07/12  Governor: Approved by Governor-Chapter 157 (effective 7/1/12)
• 03/07/12  Governor: Acts of Assembly Chapter text (CHAP0157)