HB 2366 Out-of-state trust institutions; any national bank to serve as trustee without office in State.
Timothy D. Hugo | all patrons    ...    notes
| add to my profiles

Summary as passed: (all summaries)
Out-of-state trust institutions.  Authorizes any national banking association that is supervised and regulated by the federal Comptroller of the Currency and is authorized by the Comptroller of the Currency to act as trustee, as executor, as administrator, or in another fiduciary capacity in the Commonwealth, to engage in the trust business in the Commonwealth. The measure codifies an opinion of the Attorney General that a statutory provision that bars out-of-state trust institutions without an office in the Commonwealth from engaging in trust business is preempted by 92a of the National Bank Act to the extent it applies to national banks that are supervised and regulated by the Comptroller of the Currency.

Full text:
01/12/11  House: Presented and ordered printed 11102588D  pdf | impact statement
02/14/11  Senate: Committee substitute printed 11105268D-S1  pdf | impact statement
02/25/11  House: Bill text as passed House and Senate (HB2366ER)  pdf | impact statement
03/14/11  Governor: Acts of Assembly Chapter text (CHAP0067)  pdf

Status:
01/12/11  House: Presented and ordered printed 11102588D
01/12/11  House: Referred to Committee on Commerce and Labor
01/20/11  House: Assigned C & L sub: #2
01/20/11  House: Subcommittee recommends reporting (11-Y 0-N)
01/25/11  House: Reported from Commerce and Labor (22-Y 0-N)
01/27/11  House: Read first time
01/28/11  House: Read second time and engrossed
01/31/11  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
01/31/11  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
02/01/11  Senate: Constitutional reading dispensed
02/01/11  Senate: Referred to Committee on Commerce and Labor
02/14/11  Senate: Reported from Commerce and Labor with substitute (15-Y 0-N)
02/14/11  Senate: Committee substitute printed 11105268D-S1
02/16/11  Senate: Constitutional reading dispensed (40-Y 0-N)
02/17/11  Senate: Read third time
02/17/11  Senate: Reading of substitute waived
02/17/11  Senate: Committee substitute agreed to 11105268D-S1
02/17/11  Senate: Engrossed by Senate - committee substitute HB2366S1
02/17/11  Senate: Passed Senate with substitute (39-Y 0-N)
02/18/11  House: Placed on Calendar
02/21/11  House: Senate substitute agreed to by House 11105268D-S1 (99-Y 0-N)
02/21/11  House: VOTE: ADOPTION (99-Y 0-N)
02/25/11  House: Enrolled
02/25/11  House: Bill text as passed House and Senate (HB2366ER)
02/26/11  House: Signed by Speaker
02/28/11  Senate: Signed by President
03/14/11  Governor: Approved by Governor-Chapter 67 (effective 7/1/11)
03/14/11  Governor: Acts of Assembly Chapter text (CHAP0067)