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2018 SESSION
SB 260 Banks; stock ownership by directors.
Introduced by: Richard H. Stuart | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Banks; stock ownership by directors. Provides that a bank director is deemed to be the sole owner of shares in the bank that are deposited by the director in a living trust, or inter vivos trust, as to which the director is a trustee and retains an absolute power of revocation. Currently, a director is deemed to be the sole owner of shares that are deposited in such a trust only if the director is the sole trustee of the trust. This bill is identical to HB 789.
FULL TEXT
- 01/05/18 Senate: Prefiled and ordered printed; offered 01/10/18 18102236D pdf | impact statement
- 02/22/18 Senate: Bill text as passed Senate and House (SB260ER) pdf | impact statement
- 03/02/18 Governor: Acts of Assembly Chapter text (CHAP0076) pdf
HISTORY
- 01/05/18 Senate: Prefiled and ordered printed; offered 01/10/18 18102236D
- 01/05/18 Senate: Referred to Committee on Commerce and Labor
- 01/22/18 Senate: Reported from Commerce and Labor (15-Y 0-N)
- 01/24/18 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/25/18 Senate: Read second time and engrossed
- 01/26/18 Senate: Read third time and passed Senate (39-Y 0-N)
- 01/31/18 House: Placed on Calendar
- 01/31/18 House: Read first time
- 01/31/18 House: Referred to Committee on Commerce and Labor
- 02/15/18 House: Reported from Commerce and Labor (22-Y 0-N)
- 02/19/18 House: Read second time
- 02/20/18 House: Read third time
- 02/20/18 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/20/18 House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
- 02/22/18 Senate: Enrolled
- 02/22/18 Senate: Bill text as passed Senate and House (SB260ER)
- 02/22/18 House: Signed by Speaker
- 02/23/18 Senate: Signed by President
- 02/26/18 Senate: Enrolled Bill Communicated to Governor on February 26, 2018
- 02/26/18 Governor: Governor's Action Deadline Midnight, March 5, 2018
- 03/02/18 Governor: Approved by Governor-Chapter 76 (effective 7/1/18)
- 03/02/18 Governor: Acts of Assembly Chapter text (CHAP0076)