Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Banking Code topic
No spam. Unsubscribe anytime.
Senate panel advances SB 139 to fix definitions and trust-company language in state banking code
Summary
Senate Bill 139, largely technical fixes to the state banking code and trust-company provisions, was presented to the Senate Committee on Financial Institutions and Insurance and moved forward without amendments.
The Senate Committee on Financial Institutions and Insurance moved Senate Bill 139 favorably out of committee. Committee staff described SB 139 as containing corrections to definitions, terms and conditions in the state banking code and provisions concerning trust companies that the Office of the State Bank Commissioner had been working on.
Eileen, the committee advisor, told members that the first portion of the bill contains latent corrections while the latter sections address trust-company changes. No amendments were offered on the floor of the committee, and Senator Fagg moved to pass the bill favorably; Senator Argebrecht seconded and the committee approved the motion by voice vote.
Committee discussion was minimal and no roll-call tally appears in the transcript. SB 139 will be advanced to the Senate floor.
