Legislation

Title: Financial Institutions - Single-Party and Multiple-Party Accounts - Right to Funds on Death of a Party
Sponsored by: The President (By Request - Office of the Attorney General)
Status: In the Senate - Withdrawn by Sponsor
Analysis: Fiscal and Policy Note

Synopsis

Requiring that funds in a specified account be transferred on the death of a party to the account to the deceased party's estate; requiring that agreement for specified accounts opened on or after October 1, 2016, contain specified provisions; requiring a depository institution, for specified accounts, to give the account party or parties a specified form; requiring that specified materials be given to a party or parties before a depository institution establishes a specified type of account or modifies a specified account; etc.

Committees

Original:: Finance

Details

Cross-filed with: HB1314

Bill File Type: Regular

Effective Date(s): October 1, 2016

History

Legislation History
Chamber Senate Calendar Date 2/08/2016 Legislative Date 2/05/2016 Action First Reading Finance Proceedings
Chamber Senate Calendar Date 2/10/2016 Legislative Date 2/10/2016 Action Hearing 3/08 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 3/02/2016 Legislative Date 3/02/2016 Action Hearing cancelled Proceedings
Chamber Senate Calendar Date 3/08/2016 Legislative Date 3/09/2016 Action Unfavorable Report by Finance; Withdrawn Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/08/2016	2/05/2016	First Reading Finance
Senate	2/10/2016	2/10/2016	Hearing 3/08 at 1:00 p.m.
Senate	3/02/2016	3/02/2016	Hearing cancelled
Senate	3/08/2016	3/09/2016	Unfavorable Report by Finance; Withdrawn

Documents

Date Posted	Document Name
2/09/2016	Text - First - Financial Institutions - Single-Party and Multiple-Party Accounts - Right to Funds on Death of a Party
3/09/2016	Vote - Senate - Committee - Finance

File Code

Subjects

Statutes