SB 549 (1994): relative to loans made by a bank to its executive officers, directors, or trustees.

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@misc{bill-1994-sb549, title = {SB 549 (1994): relative to loans made by a bank to its executive officers, directors, or trustees.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1994/sb549}, note = {Accessed 24 Oct. 2026} }

SB 549 (1994)

relative to loans made by a bank to its executive officers, directors, or trustees.

  • Status: Signed into law
  • Term: 1993-1994
  • House committee: Commerce, Small Business and Consumer Affairs
  • Senate committee: Banks
  • Subject: Miscellaneous
  • Chapter law: 165

The Story

It was introduced on January 5, 1994 and referred to the Senate Banks committee. The committee held a public hearing on January 26, 1994. The committee recommended that the Senate pass it with changes. On February 3, 1994 the Senate voted to pass it with changes on a voice vote. It crossed to the House on February 15, 1994 and was referred to the House Commerce, Small Business and Consumer Affairs committee. The committee held a public hearing on March 31, 1994. The majority of the committee recommended that the House pass it unanimously, 12–0, and the report was placed on the consent calendar. On May 5, 1994 the House voted to pass it. The bill was enrolled on May 12, 1994 — the final check of the text before it goes to the governor. The governor signed it on May 23, 1994, making it Chapter 165 of the session laws. It took effect on May 23, 1994.

Sponsors

  • Sen. Fraser (SD4) (prime sponsor)
  • Sen. Lamirande (SD1)

Hearings and Sessions

  • January 26, 1994, 1:30 PM: hearing, Senate Banks, RM103,LOB
  • March 31, 1994, 10:00 AM: hearing, House Commerce, Small Business and Consumer Affairs, RM207,LOB

Votes

  • February 3, 1994, Senate: Ought to Pass with Amendment — voice vote, passed

The Docket

  • January 5, 1994: INTRODUCED AND REF TO BANKS; SJ1,P9
  • January 26, 1994: HEARING JAN26 01:30 RM103,LOB FOR: BANKS
  • February 2, 1994: COMM REPORT OTP/AM FEB03
  • February 2, 1994: PROP COMM AM<4808>(NEW TITLE); SC7,P6-7
  • February 3, 1994: COMM AM, AA VV; PASSED WITH AM VV; SJ3,P41 + 77
  • February 15, 1994: INTRODUCED AND REF TO COMMERCE; HJ26,P756
  • February 16, 1994: IN SEAT POCKET ON 02/15/94 DUE ON 04/28/94
  • March 31, 1994: HEARING MAR31 10:00 RM207,LOB FOR: COMMERCE
  • April 26, 1994: MAJ REPORT OTP FOR MAY05 (VOTE 12-0;CC)
  • May 5, 1994: PASSED; HJ61,P1950 + 1993
  • May 11, 1994: ENROLLED; HJ67,P2088
  • May 12, 1994: ENROLLED; SJ17,P460
  • May 23, 1994: SIGNED BY GOVERNOR 05/23/94 EFF: 05/23/94 CHAP.0165

Laws It Would Change

From the General Court