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

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

Duplicate Bills

The following bills are identical to this one: HB789.