Banks; stock ownership by directors. (HB789)

Introduced By

Del. Mark Keam (D-Vienna)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

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 SB 260. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/09/2018Committee
01/09/2018Prefiled and ordered printed; offered 01/10/18 18102279D
01/09/2018Referred to Committee on Commerce and Labor
01/12/2018Impact statement from SCC (HB789)
01/18/2018Reported from Commerce and Labor (22-Y 0-N) (see vote tally)
01/22/2018Read first time
01/23/2018Read second time and engrossed
01/24/2018Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/24/2018VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
01/25/2018Constitutional reading dispensed
01/25/2018Referred to Committee on Commerce and Labor
02/19/2018Reported from Commerce and Labor (11-Y 0-N) (see vote tally)
02/21/2018Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/22/2018Read third time
02/22/2018Passed Senate (40-Y 0-N) (see vote tally)
02/26/2018Enrolled
02/26/2018Bill text as passed House and Senate (HB789ER)
02/26/2018Signed by Speaker
02/27/2018Impact statement from SCC (HB789ER)
02/28/2018Signed by President
03/02/2018Enrolled Bill communicated to Governor on March 2, 2018
03/02/2018G Governor's Action Deadline Midnight, March 9, 2018
03/09/2018G Approved by Governor-Chapter 262 (effective 7/1/18)
03/09/2018G Acts of Assembly Chapter text (CHAP0262)

Duplicate Bills

The following bills are identical to this one: SB260.