Out-of-state trust institutions; any national bank to serve as trustee without office in State. (HB2366)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Out-of-state trust institutions. Authorizes any national bank to serve as trustee, as executor, as administrator, or in another fiduciary capacity without establishing or maintaining an office in the Commonwealth. The measure codifies an opinion of the Attorney General that a statutory provision that bars out-of-state trust institutions without an office in the Commonwealth from engaging in trust business is preempted by 92a of the National Bank Act to the extent it applies to national banks that are supervised and regulated by the Comptroller of the Currency. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/12/2011 | Committee |
01/12/2011 | Presented and ordered printed 11102588D |
01/12/2011 | Referred to Committee on Commerce and Labor |
01/18/2011 | Impact statement from SCC (HB2366) |
01/20/2011 | Assigned C & L sub: #2 |
01/20/2011 | Subcommittee recommends reporting (11-Y 0-N) |
01/25/2011 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
01/27/2011 | Read first time |
01/28/2011 | Read second time and engrossed |
01/31/2011 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
01/31/2011 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/01/2011 | Constitutional reading dispensed |
02/01/2011 | Referred to Committee on Commerce and Labor |
02/14/2011 | Reported from Commerce and Labor with substitute (15-Y 0-N) (see vote tally) |
02/14/2011 | Committee substitute printed 11105268D-S1 |
02/16/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/17/2011 | Read third time |
02/17/2011 | Reading of substitute waived |
02/17/2011 | Committee substitute agreed to 11105268D-S1 |
02/17/2011 | Engrossed by Senate - committee substitute HB2366S1 |
02/17/2011 | Passed Senate with substitute (39-Y 0-N) (see vote tally) |
02/18/2011 | Placed on Calendar |
02/21/2011 | Impact statement from SCC (HB2366S1) |
02/21/2011 | Senate substitute agreed to by House 11105268D-S1 (99-Y 0-N) |
02/21/2011 | VOTE: ADOPTION (99-Y 0-N) (see vote tally) |
02/25/2011 | Enrolled |
02/25/2011 | Bill text as passed House and Senate (HB2366ER) |
02/26/2011 | Signed by Speaker |
02/28/2011 | Impact statement from SCC (HB2366ER) |
02/28/2011 | Signed by President |
03/14/2011 | G Approved by Governor-Chapter 67 (effective 7/1/11) |
03/14/2011 | G Acts of Assembly Chapter text (CHAP0067) |