Legislation - SB0783

Title: Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
Sponsored by: Senator Jackson
Status: Approved by the Governor - Chapter 507
Analysis: Fiscal and Policy Note

Synopsis

Authorizing a majority of the board of a surviving credit union to approve a proposed merger without the affirmative vote of a majority of the members of the surviving credit union, subject to certain requirements.

Committees

Original:: Finance Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

Details

Cross-filed with: HB1049

Bill File Type: Regular

Effective Date(s): October 1, 2026

History

Legislation History
Chamber Senate Calendar Date 2/06/2026 Legislative Date 2/06/2026 Action First Reading Finance Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement Proceedings
Chamber Senate Calendar Date 2/12/2026 Legislative Date 2/12/2026 Action Hearing 2/27 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Finance Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/09/2026 Legislative Date 3/09/2026 Action Favorable Report by Finance Proceedings
Chamber Senate Calendar Date 3/10/2026 Legislative Date 2/25/2026 Action Favorable Adopted Proceedings 36 Click to view Recorded Media
Chamber Senate Calendar Date 3/10/2026 Legislative Date 2/25/2026 Action Second Reading Passed Proceedings 36 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement Proceedings
Chamber Senate Calendar Date 3/12/2026 Legislative Date 2/27/2026 Action Third Reading Passed (45-0) Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/13/2026 Legislative Date 3/01/2026 Action Referred Economic Matters Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Economic Matters Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/08/2026 Legislative Date 4/08/2026 Action Favorable with Amendments Report by Economic Matters Proceedings
Chamber House Calendar Date 4/08/2026 Legislative Date 3/21/2026 Action Favorable with Amendments {613827/1 Adopted Proceedings 58 Click to view Recorded Media
Chamber House Calendar Date 4/08/2026 Legislative Date 3/21/2026 Action Second Reading Passed with Amendments Proceedings 58 Click to view Recorded Media
Chamber House Calendar Date 4/10/2026 Legislative Date 3/25/2026 Action Third Reading Passed (136-0) Proceedings 62 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2026 Legislative Date 3/24/2026 Action Senate Concurs House Amendments Proceedings 63 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2026 Legislative Date 3/24/2026 Action Third Reading Passed (42-0) Proceedings 63 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2026 Legislative Date 3/24/2026 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement Proceedings
Chamber Post Passage Calendar Date 5/12/2026 Legislative Date 5/12/2026 Action Approved by the Governor - Chapter 507 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/06/2026	2/06/2026	First Reading Finance
			Text - First - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
Senate	2/12/2026	2/12/2026	Hearing 2/27 at 1:00 p.m.
			Vote - Senate - Committee - Finance	Click to view Recorded Media
Senate	3/09/2026	3/09/2026	Favorable Report by Finance
Senate	3/10/2026	2/25/2026	Favorable Adopted	36 Click to view Recorded Media
Senate	3/10/2026	2/25/2026	Second Reading Passed	36 Click to view Recorded Media
			Text - Third - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
Senate	3/12/2026	2/27/2026	Third Reading Passed (45-0)	38 Click to view Recorded Media
House	3/13/2026	3/01/2026	Referred Economic Matters	38 Click to view Recorded Media
			Vote - House - Committee - Economic Matters	Click to view Recorded Media
House	4/08/2026	4/08/2026	Favorable with Amendments Report by Economic Matters
House	4/08/2026	3/21/2026	Favorable with Amendments {613827/1 Adopted	58 Click to view Recorded Media
House	4/08/2026	3/21/2026	Second Reading Passed with Amendments	58 Click to view Recorded Media
House	4/10/2026	3/25/2026	Third Reading Passed (136-0)	62 Click to view Recorded Media
Senate	4/10/2026	3/24/2026	Senate Concurs House Amendments	63 Click to view Recorded Media
Senate	4/10/2026	3/24/2026	Third Reading Passed (42-0)	63 Click to view Recorded Media
Senate	4/10/2026	3/24/2026	Passed Enrolled
			Text - Enrolled - Credit Unions - Mergers and Consolidations - Alteration of Voting Requirement
Post Passage	5/12/2026	5/12/2026	Approved by the Governor - Chapter 507

File Code

Subjects

Statutes