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SB 80: Family Trust Companies

GENERAL BILL by Richter ; (CO-INTRODUCERS) Soto

Family Trust Companies; Revising the purposes of the Family Trust Company Act; specifying the applicability of other chapters of the financial institutions codes to family trust companies; revising the requirements for investigations of license applicants by the Office of Financial Regulation; revising the authority of specified family trust companies while acting as fiduciaries to purchase certain bonds and securities, etc.

Effective Date: 3/10/2016
Last Action: 3/10/2016 - Chapter No. 2016-35
Location: Became Law
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Fiscal Policy (FP)



Bill History

Date Chamber Action
8/3/2015 Senate • Filed
8/19/2015 Senate • Referred to Banking and Insurance; Judiciary; Fiscal Policy -SJ 9
9/28/2015 Senate • On Committee agenda-- Banking and Insurance, 10/06/15, 10:00 am, 110 Senate Office Building
10/6/2015 Senate • Favorable by Banking and Insurance; YEAS 9 NAYS 0 -SJ 126
• Now in Judiciary -SJ 126
11/9/2015 Senate • On Committee agenda-- Judiciary, 11/17/15, 3:30 pm, 110 Senate Office Building
11/17/2015 Senate • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 125
11/18/2015 Senate • Now in Fiscal Policy -SJ 125
11/23/2015 Senate • On Committee agenda-- Fiscal Policy, 12/03/15, 1:00 pm, 412 Knott Building
12/3/2015 Senate • Favorable by- Fiscal Policy; YEAS 8 NAYS 0
• Placed on Calendar, on 2nd reading
1/12/2016 Senate • Introduced -SJ 9
1/13/2016 Senate • Placed on Special Order Calendar, 01/15/16
1/15/2016 Senate • Read 2nd time -SJ 216
• Placed on 3rd reading
1/21/2016 Senate • Read 3rd time -SJ 232
• Passed; YEAS 34 NAYS 0 -SJ 233
1/28/2016 House • In Messages
2/18/2016 House • Referred to Calendar -HJ 499
• Received -HJ 498
2/19/2016 House • Placed on Special Order Calendar, 02/23/16
2/23/2016 House • Substituted for HB 17 -HJ 551
• Read 2nd time -HJ 551
• Placed on 3rd reading
2/24/2016 House • Read 3rd time -HJ 584
• Passed; YEAS 116 NAYS 0 -HJ 584
3/1/2016 Senate • Ordered enrolled -SJ 520
3/3/2016 • Signed by Officers and presented to Governor -SJ 652
3/10/2016 • Approved by Governor -SJ 992
• Chapter No. 2016-35