Banks; stock ownership by directors.
Summary
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
Bill status
signed
all 5 stages cleared
Introduction
Jan 2018
Committee Review
Jan 2018
House of Delegates Passage
Jan 2018
Senate Passage
Jan 2018
Signed into Law
Mar 2018
Introduced Jan 9, 2018
Signed Mar 9, 2018
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
14
Key actions
2
Committee
2
Mar 9, 2018
Signed into law
Approved by Governor-Chapter 262 (effective 7/1/18)
executive
Jan 25, 2018
Committee
Referred to Committee on Commerce and Labor
legislature
Jan 24, 2018
Legislature · Passed
Read third time and passed House BLOCK VOTE (98-Y 0-N)
legislature
Jan 9, 2018
Committee
Referred to Committee on Commerce and Labor
legislature
Jan 9, 2018
Introduced
Prefiled and ordered printed; offered 01/10/18 18102279D
legislature
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Mark L. Keam
DDemocratic
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