SB 13 (1995): deleting the bank commissioner's authority to adopt rules regarding the conversion of credit unions from mutual to stock form.

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“SB 13 (1995): deleting the bank commissioner's authority to adopt rules regarding the conversion of credit unions from mutual to stock form.” Granite Record, https://graniterecord.org/bill/1995/sb13. Accessed 24 Oct. 2026.
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Granite Record. “SB 13 (1995): deleting the bank commissioner's authority to adopt rules regarding the conversion of credit unions from mutual to stock form.” Accessed 24 Oct. 2026. https://graniterecord.org/bill/1995/sb13.
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@misc{bill-1995-sb13, title = {SB 13 (1995): deleting the bank commissioner's authority to adopt rules regarding the conversion of credit unions from mutual to stock form.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1995/sb13}, note = {Accessed 24 Oct. 2026} }

SB 13 (1995)

deleting the bank commissioner's authority to adopt rules regarding the conversion of credit unions from mutual to stock form.

  • Status: Signed into law
  • Term: 1995-1996
  • House committee: Commerce, Small Business, Consumer Affairs and Economic Development
  • Senate committee: Banks
  • Subject: Miscellaneous
  • Chapter law: 167

The Story

It was introduced on January 5, 1995 and referred to the Senate Banks committee. The committee held a public hearing on January 31, 1995. The committee recommended that the Senate pass it with changes. On February 21, 1995 the Senate voted to pass it with changes on a voice vote. It crossed to the House and was referred to the House Commerce, Small Business, Consumer Affairs and Economic Development committee. The committee held a public hearing on March 29, 1995. The committee held a work session on April 12, 1995. The majority of the committee recommended that the House pass it with changes by a vote of 15–4. On May 9, 1995 the House voted to pass it with changes on a voice vote. On May 16, 1995 the Senate voted to agree to the other chamber's changes on a voice vote. The bill was enrolled on May 23, 1995 — the final check of the text before it goes to the governor. The governor signed it on June 1, 1995, making it Chapter 167 of the session laws. It took effect on June 1, 1995.

Sponsors

  • Sen. Fraser (SD4) (prime sponsor)

Hearings and Sessions

  • January 31, 1995, 8:30 AM: hearing, Senate Banks, RM103,LOB
  • March 29, 1995, 10:00 AM: hearing, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB
  • April 12, 1995, 1:30 PM: subcommittee work session, House Commerce, Small Business, Consumer Affairs and Economic Development, RM302,LOB

Votes

  • February 21, 1995, Senate: Ought to Pass with Amendment — voice vote, passed
  • May 9, 1995, House: Ought to Pass with Amendment — voice vote, passed
  • May 16, 1995, Senate: Concur — voice vote, passed

The Docket

  • January 5, 1995: INTRODUCED AND REF TO BANKS; SJ2,P23
  • January 31, 1995: HEARING JAN31 08:30 RM103,LOB FOR: BANKS
  • February 16, 1995: COMM REPORT OTP/AM FEB21
  • February 16, 1995: PROP COMM AM<1357>; SC13,P3
  • February 16, 1995: 02/16/95 INTRODUCED AND REF TO COMMERCE; HJ31,P738
  • February 21, 1995: COMM AM, AA VV; PASSED WITH AM VV; SJ6,P57 + 75
  • February 22, 1995: COPY TO CHAIRMAN ON 02/28/95 DUE ON 05/10/95* (*CHG BY JT RULS)
  • March 29, 1995: HEARING MAR29 10:00 RM302,LOB FOR: COMMERCE
  • April 12, 1995: SUBCOM WORK SESSION APR12 01:30 RM302,LOB FOR: COMMERCE
  • April 28, 1995: MAJ REPORT OTP/AM FOR MAY09 (VOTE 15-4)
  • April 28, 1995: PROP COMM AM<2338>; HC61,P1698
  • May 9, 1995: COMM AM, AA VV; PASSED WITH AM VV; HJ66,P1843 + 1858
  • May 16, 1995: SEN CONC WITH HOUSE AM, SEN FRASER MA VV; SJ20,P359
  • May 23, 1995: ENROLLED; SJ22,P449
  • May 23, 1995: ENROLLED; HJ71,P1954
  • June 1, 1995: SIGNED BY GOVERNOR 06/01/95 EFF: 06/01/95 CHAP.0167

Laws It Would Change

From the General Court