HB 304 (1991): relative to escrow of funds raised through sale of certain types of securities and to certain conditions for sale of securities.

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@misc{bill-1991-hb304, title = {HB 304 (1991): relative to escrow of funds raised through sale of certain types of securities and to certain conditions for sale of securities.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1991/hb304}, note = {Accessed 24 Oct. 2026} }

HB 304 (1991)

relative to escrow of funds raised through sale of certain types of securities and to certain conditions for sale of securities.

  • Status: Referred for interim study
  • Term: 1991-1992
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Miscellaneous

The Story

It was introduced on January 3, 1991 and referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on February 14, 1991. The majority of the committee recommended that the House pass it with changes unanimously, 17–0, and the report was placed on the consent calendar. On March 19, 1991 the House adopted “Suspend Rules to consider on 03/19/1991”, on a motion by Rep. Gross & Chambers. On March 19, 1991 the House voted to pass it with changes. It crossed to the Senate on March 28, 1991 and was referred to the Senate Banks committee. The committee held a public hearing on April 23, 1991. On May 15, 1991 the Senate adopted “Suspend Rules to consider”, on a motion by Sen. Fraser. On May 15, 1991 the Senate voted to study it after the session ends on a voice vote.

Sponsors

  • Rep. B. Packard (Hills 15) (prime sponsor)

Hearings and Sessions

  • February 14, 1991, 2:00 PM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB
  • April 23, 1991, 10:15 AM: hearing, Senate Banks, RM103,LOB

Votes

  • May 15, 1991, Senate: Refer for Interim Study — voice vote, passed

The Docket

  • January 3, 1991: INTRODUCED AND REF TO COMMERCE; HJ13,P109
  • January 31, 1991: IN SEAT POCKET ON JAN28 DUE ON MAR07
  • February 14, 1991: HEARING FEB14 02:00 RM207,LOB FOR: COMMERCE
  • March 14, 1991: MAJ REPORT OTP/AM FOR MAR20 (VOTE 17-0;CC)
  • March 18, 1991: PROP COMM AM; HC46,P916
  • March 19, 1991: REPS GROSS & CHAMBERS SUSP RULES TO CONSIDER ON MAR19, MA 2/3VV; HJ53A,P1142
  • March 19, 1991: PASSED WITH AM; HJ53A,P1143-1144 + HJ53B,P1198
  • March 28, 1991: INTRODUCED AND REF TO BANKS; SJ14,P185
  • April 23, 1991: HEARING APR23 10:15 RM103,LOB FOR: BANKS
  • May 15, 1991: SEN FRASER SUSP RULES TO CONSIDER, MA 2/3VV; SJ25,P340
  • May 15, 1991: SEN FRASER MOVED REF TO STUDY, MA VV; REFERRED TO INTERIM STUDY VV; SJ25,P341

Laws It Would Change

From the General Court