Banks; stock ownership by directors. (SB260)
Introduced By
Sen. Richard Stuart (R-Westmoreland)
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 HB 789. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/05/2018 | Prefiled and ordered printed; offered 01/10/18 18102236D |
01/05/2018 | Referred to Committee on Commerce and Labor |
01/15/2018 | Impact statement from SCC (SB260) |
01/22/2018 | Reported from Commerce and Labor (15-Y 0-N) (see vote tally) |
01/24/2018 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/25/2018 | Read second time and engrossed |
01/26/2018 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
01/31/2018 | Placed on Calendar |
01/31/2018 | Read first time |
01/31/2018 | Referred to Committee on Commerce and Labor |
02/15/2018 | Reported from Commerce and Labor (22-Y 0-N) (see vote tally) |
02/19/2018 | Read second time |
02/20/2018 | Read third time |
02/20/2018 | Passed House BLOCK VOTE (100-Y 0-N) |
02/20/2018 | VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally) |
02/22/2018 | Enrolled |
02/22/2018 | Bill text as passed Senate and House (SB260ER) |
02/22/2018 | Signed by Speaker |
02/23/2018 | Impact statement from SCC (SB260ER) |
02/23/2018 | Signed by President |
02/26/2018 | Enrolled Bill Communicated to Governor on February 26, 2018 |
02/26/2018 | G Governor's Action Deadline Midnight, March 5, 2018 |
03/02/2018 | G Approved by Governor-Chapter 76 (effective 7/1/18) |
03/02/2018 | G Acts of Assembly Chapter text (CHAP0076) |