SB 406: Secured Transactions
GENERAL BILL by Berman
Secured Transactions; Providing that a description of certain accounts and entitlements by a certain type of collateral is insufficient for the purpose of security agreements; providing retroactive application, etc.
Effective Date: Upon becoming a law
Last Action: 5/5/2023 Senate - Veto Message transmitted to Secretary of State
Bill Text: Web Page | PDF
Last Action: 5/5/2023 Senate - Veto Message transmitted to Secretary of State
Bill Text: Web Page | PDF
Senate Committee References:
- Community Affairs (CA)
- Finance and Tax (FT)
- Appropriations (AP)
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Bill History
Date Chamber Action 10/5/2021 Senate • Filed
10/13/2021 Senate • Referred to Community Affairs; Finance and Tax; Appropriations -SJ 23
10/25/2021 Senate • On Committee agenda-- Community Affairs, 11/03/21, 8:30 am, 37 Senate Building
11/3/2021 Senate • Favorable by Community Affairs; YEAS 8 NAYS 0 -SJ 95
• Now in Finance and Tax
1/10/2022 Senate • On Committee agenda-- Finance and Tax, 01/13/22, 9:00 am, 110 Senate Building
1/11/2022 Senate • Introduced -SJ 23
1/13/2022 Senate • Favorable by Finance and Tax; YEAS 7 NAYS 0 -SJ 114
• Now in Appropriations
1/24/2022 Senate • On Committee agenda-- Appropriations, 01/27/22, 11:30 am, 412 Knott Building
1/27/2022 Senate • Favorable by- Appropriations; YEAS 16 NAYS 0 -SJ 243
1/28/2022 Senate • Placed on Calendar, on 2nd reading
1/31/2022 Senate • Placed on Special Order Calendar, 02/03/22 -SJ 337
2/3/2022 Senate • Read 2nd time -SJ 333
• Read 3rd time -SJ 333
• Passed; YEAS 37 NAYS 0 -SJ 333
• Immediately certified -SJ 337
2/3/2022 House • In Messages
2/28/2022 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (3/3/2022)
• 1st Reading (Original Filed Version)
3/3/2022 House • Substituted for HB 451
• Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/4/2022 House • Read 3rd time
• Passed; YEAS 113, NAYS 0
3/4/2022 Senate • Ordered enrolled -SJ 694
6/17/2022 • Signed by Officers and presented to Governor
6/24/2022 • Vetoed by Governor
12/12/2022 Senate • Veto Message received (2022 Special Session A, 2023 Special Session B, 2023 Regular Session) -SJ 6
• Veto Message referred to Rules -SJ 6
5/5/2023 Senate • Veto Message transmitted to Secretary of State
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SB 406, Enrolled (Current Bill Version) Posted 3/5/2022 at 4:54 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 451 Sufficiency of Description of Security Interests Robinson Identical Last Action: 3/3/2022 H Laid on Table 
Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 679.1081 Sufficiency of description. Page 1 (pdf) -
SB 406, Original Filed Version Posted 10/5/2021 at 2:14 PM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 451 Sufficiency of Description of Security Interests Robinson Identical Last Action: 3/3/2022 H Laid on Table
Committee Votes (3)
Date Committee Result 11/3/2021 8:30 AM Community Affairs 8 Yeas - 0 Nays 1/13/2022 9:00 AM Finance and Tax 7 Yeas - 0 Nays 1/27/2022 11:30 AM Appropriations 16 Yeas - 0 Nays Floor Votes (2)
Date Chamber Result 2/3/2022 1:04 PM Senate 37 Yeas - 0 Nays 3/4/2022 3:11 PM House 113 Yeas - 0 Nays Citations - Statutes (1)
Citation Catchline Location in Bill Location In Bill Help 679.1081 Sufficiency of description. Page 1 (pdf)