HB 1730 Loans to executive officers and directors of savings institutions.
R. Creigh Deeds | all patrons    ...    notes
| add to my profiles

Summary:
Loans to executive officers and directors of savings institutions. Requires approval from a majority of the board of directors or from a committee of officers and directors appointed by the board of a savings institution for loans or lines of credit to executive officers which exceed prescribed limits. The bill provides that an executive officer is one who participates or has authority to participate in the major policymaking functions of the savings institution. Under the bill, such approval is not needed for loans to officers and employees of the institution.

Full text:
01/18/95  House: Presented & ordered printed LD0237681  pdf
02/21/95  House: Bill text as passed House and Senate (HB1730ER)  pdf
03/10/95  Governor: Acts of Assembly Chapter text (CHAP0083)  pdf

Status:
01/18/95  House: Presented & ordered printed LD0237681
01/18/95  House: Referred to Committee on Corporations, Insurance and Banking
01/24/95  House: Reported from Corp., Ins. & Banking (22-Y 0-N)
01/25/95  House: Read first time
01/26/95  House: Read second time and engrossed
01/27/95  House: Read third time and passed House (96-Y 0-N)
01/27/95  House: VOTE: PASSAGE (96-Y 0-N)
01/27/95  House: Communicated to Senate
01/30/95  Senate: Read first time
01/30/95  Senate: Referred to Committee on Commerce and Labor
02/13/95  Senate: Reported from Commerce and Labor (15-Y 0-N)
02/14/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/14/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/15/95  Senate: Read third time
02/15/95  Senate: Passed Senate (40-Y 0-N)
02/15/95  Senate: VOTE: PASSAGE (40-Y 0-N)
02/21/95  House: Bill text as passed House and Senate (HB1730ER)
02/24/95  House: Enrolled
02/24/95  House: Signed by Speaker
02/24/95  Senate: Signed by President
03/07/95  Governor: Approved by Governor-Chapter 83 (effective 7/1/95)
03/10/95  Governor: Acts of Assembly Chapter text (CHAP0083)