Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate adopts technical trustee amendment to clear bank financing, sends bill to House
Utah State Senate · September 15, 2004
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
The Senate approved a first substitute to SB4001 to restore a provision on foreign corporate trustees so banks can complete financing; the amendment makes the change retroactive to July and the bill was sent to the House after a 26-0 vote.
The Utah State Senate on Sept. 15 adopted a first substitute to Senate Bill 4,001 to restore a technical provision governing foreign corporate trustees that sponsors said is necessary to allow banks to finish pending financing.
Senator Hilliard, floor sponsor, told the chamber the change fixes a drafting omission in the…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
