Kirk W. Dillard
- Republican
Primary
Amends the Corporate Fiduciary Act. Adds provisions concerning investments and participation by affiliates of any bank or trust company acting in its fiduciary capacity. Provides that any bank or trust company may purchase services or products from an affiliate, provided that the purchase is otherwise prudent and not prohibited by the instrument governing the fiduciary relationship. Provides that the compensation for the service or product may be in addition to the compensation that the bank or trust company or its affiliate is otherwise entitled as a fiduciary. Provides that the bank or trust company must disclose, in a specified manner, any purchase authorized by the new provisions. Provides that the new provisions apply to any bank or trust company doing banking or trust business in this State, including any national bank or national trust company or any of its affiliates.
Public Act . . . . . . . . . 96-1391
Effective Date July 29, 2010
Governor Approved
Sent to the Governor
House Committee Amendment No. 1 Motion To Concur Recommended Do Adopt Executive; 012-000-000
Passed Both Houses
House Committee Amendment No. 1 Senate Concurs 057-000-000
House Committee Amendment No. 1 Motion to Concur Assignments Referred to Executive
House Committee Amendment No. 1 Motion to Concur Referred to Assignments
House Committee Amendment No. 1 Motion to Concur Filed with Secretary Sen. Kirk W. Dillard
Secretary's Desk - Concurrence House Amendment(s) 1
Placed on Calendar Order of Concurrence House Amendment(s) 1 - May 6, 2010
Third Reading - Short Debate - Passed 117-000-000
Added Alternate Chief Co-Sponsor Rep. Kevin A. McCarthy
Placed on Calendar Order of 3rd Reading - Short Debate
Second Reading - Short Debate
Added Alternate Chief Co-Sponsor Rep. William D. Burns
Added Alternate Chief Co-Sponsor Rep. Robert Rita
Added Alternate Chief Co-Sponsor Rep. Jay C. Hoffman
Do Pass as Amended / Short Debate Higher Education Committee; 004-000-000
House Committee Amendment No. 1 Filed with Clerk by Higher Education Committee
House Committee Amendment No. 1 Adopted in Higher Education Committee; by Voice Vote
Placed on Calendar 2nd Reading - Short Debate
Second Reading - Short Debate
Held on Calendar Order of Second Reading - Short Debate
Assigned to Higher Education Committee
Final Action Deadline Extended-9(b) May 7, 2010
Alternate Chief Sponsor Changed to Rep. Franco Coladipietro
Rule 19(a) / Re-referred to Rules Committee
Assigned to Executive Committee
Chief House Sponsor Rep. Mark H. Beaubien, Jr.
Referred to Rules Committee
First Reading
Placed on Calendar Order of First Reading
Arrived in House
Third Reading - Passed; 056-000-000
Added as Chief Co-Sponsor Sen. Donne E. Trotter
Second Reading
Placed on Calendar Order of 3rd Reading March 6, 2009
Do Pass Financial Institutions; 011-000-000
Placed on Calendar Order of 2nd Reading March 4, 2009
Added as Chief Co-Sponsor Sen. Kimberly A. Lightford
Assigned to Financial Institutions
First Reading
Filed with Secretary by Sen. Kirk W. Dillard
Referred to Assignments
| Bill Text Versions | Format |
|---|---|
| Introduced | HTML |
| Engrossed | HTML |
| Enrolled | HTML |
| Document | Format |
|---|---|
| Public Act | |
| House Amendment 001 |
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