HB 17: Family Trust Companies
GENERAL BILL by Roberson
Family Trust Companies; Revises provisions relating to Family Trust Company Act; specifies applicability of other chapters to FTCA; revises registration & renewal requirements; revises requirements for OFR investigations, examinations, & suspensions of trust companies; revises acts that may result in penalties & revises penalties.
Effective Date: upon becoming a law
Last Action: 2/23/2016 House - Laid on Table, companion bill(s) passed, see SB 80 (Ch. 2016-35) -HJ 551
Bill Text: PDF
Last Action: 2/23/2016 House - Laid on Table, companion bill(s) passed, see SB 80 (Ch. 2016-35) -HJ 551
Bill Text: PDF
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Bill History
Date Chamber Action 8/3/2015 House • Filed
8/27/2015 House • Referred to Insurance and Banking Subcommittee; Regulatory Affairs Committee -HJ 9
9/9/2015 House • On Committee agenda-- Insurance and Banking Subcommittee, 09/16/15, 4:00 pm, Sumner Hall
9/16/2015 House • Favorable by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 157
9/17/2015 House • Now in Regulatory Affairs Committee -HJ 157
1/12/2016 House • Introduced -HJ 9
• On Committee agenda-- Regulatory Affairs Committee, 01/14/16, 8:00 am, Sumner Hall
1/14/2016 House • Favorable by- Regulatory Affairs Committee; YEAS 14 NAYS 0 -HJ 218
• Placed on Calendar -HJ 218
2/19/2016 House • Placed on Special Order Calendar, 02/23/16
2/23/2016 House • Substituted SB 80 -HJ 551
• Laid on Table, companion bill(s) passed, see SB 80 (Ch. 2016-35) -HJ 551
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HB 17, Original Filed Version (Current Bill Version) Posted 8/3/2015 at 11:42 AM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 3/11/2016 (pdf)
Regulatory Affairs Committee (Post-Meeting) 1/14/2016 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 80 (er) Family Trust Companies Richter Similar Last Action: 3/10/2016 Chapter No. 2016-35
Location: Became Law
Citations - Statutes (17)
Citation Catchline Location in Bill Location In Bill Help 662.102 Purpose. Page 4 (pdf) 662.111 Definitions. Page 5 (pdf) 662.113 Page 6 (pdf) 662.120 Maximum number of designated relatives. Page 7 (pdf) 662.1215 Investigation of license applicants. Page 7 (pdf) 662.122 Registration of a family trust company or a foreign licensed family trust company. Page 7 (pdf) 662.1225 Requirements for a family trust company, licensed family trust company, or foreign licensed family trust company. Page 8 (pdf) 662.123 Organizational documents; use of term “family trust” in name. Page 10 (pdf) 662.128 Annual renewal. Page 10 (pdf) 662.132 Investments. Page 12 (pdf) 662.141 Examination, investigations, and fees. Page 14 (pdf) 662.142 Revocation of license. Page 17 (pdf) 662.143 Cease and desist authority. Page 19 (pdf) 662.144 Failure to submit required report; fines. Page 20 (pdf) 662.145 Grounds for removal. Page 21 (pdf) 662.150 Domestication of a foreign family trust company. Page 22 (pdf) 662.151 Registration of a foreign licensed family trust company to operate in this state. Page 23 (pdf)