HB 1311 (1998): adopting the 1994 revisions to article 8 of the uniform commercial code relative to investment securities.

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“HB 1311 (1998): adopting the 1994 revisions to article 8 of the uniform commercial code relative to investment securities.” Granite Record, https://graniterecord.org/bill/1998/hb1311. Accessed 24 Oct. 2026.
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BibTeX
@misc{bill-1998-hb1311, title = {HB 1311 (1998): adopting the 1994 revisions to article 8 of the uniform commercial code relative to investment securities.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1998/hb1311}, note = {Accessed 24 Oct. 2026} }

HB 1311 (1998)

adopting the 1994 revisions to article 8 of the uniform commercial code relative to investment securities.

  • Status: Signed into law
  • Term: 1997-1998
  • House committee: Commerce
  • Senate committee: Banks
  • Subject: Banking and Finance
  • Chapter law: 326

The Story

It was introduced on January 7, 1998 and referred to the House Commerce committee. The committee held a public hearing on February 3, 1998. The committee held a work session on February 17, 1998. The majority of the committee recommended that the House pass it with changes unanimously, 12–0, and the report was placed on the consent calendar. On March 5, 1998 the House voted to pass it with changes. It crossed to the Senate on March 19, 1998 and was referred to the Senate Banks committee. The committee held a public hearing on April 28, 1998. The committee met in executive session on May 12, 1998 to vote on its recommendation. The committee voted unanimously, 6–0, to recommend that the Senate pass it. On May 21, 1998 the Senate voted to pass it on a voice vote. An enrolled bill amendment (2042) was adopted on a voice vote on June 10, 1998. These correct technical errors found after passage. An enrolled bill amendment () was adopted on June 10, 1998. These correct technical errors found after passage. The bill was enrolled on June 18, 1998 — the final check of the text before it goes to the governor. The governor signed it on June 26, 1998, making it Chapter 326 of the session laws. It took effect on January 1, 1999.

Sponsors

  • Rep. Mittelman (Hills 37) (prime sponsor)
  • Rep. J. Foster (Hills 33)

Hearings and Sessions

  • February 3, 1998, 10:30 AM: hearing, House Commerce, RM302,LOB
  • February 17, 1998, 9:30 AM: subcommittee work session, House Commerce, RM302,LOB
  • April 28, 1998, 2:00 PM: hearing, Senate Banks, RM102,LOB
  • May 12, 1998, 1:30 PM: executive session, Senate Banks, RM102,LOB

Votes

  • May 21, 1998, Senate: Ought to Pass — voice vote, passed

The Docket

  • January 7, 1998: INTRODUCED AND REF TO COMMERCE; HJ3,P103
  • January 7, 1998: COPY TO CHAIRMAN ON 12/09/97 DUE ON 02/20/98
  • February 3, 1998: HEARING FEB03 10:30 RM302,LOB FOR: COMMERCE
  • February 17, 1998: SUBCOM WORK SESS FEB17 9:30 RM302,LOB FOR: COMMERCE
  • February 17, 1998: MAJ REPORT OTP/AM FOR MAR05 (VOTE 12-0;CC)
  • February 17, 1998: PROP COMM AM<0858>; HC16,P796-797
  • March 5, 1998: PASSED WITH AM; HJ21,P1087-1088 + 1167
  • March 19, 1998: INTRODUCED AND REF TO BANKS; SJ7,P161
  • April 28, 1998: HEARING APR28 2:00 RM102,LOB FOR: BANKS
  • May 12, 1998: EXEC SESS MAY12 1:30 RM102,LOB FOR: BANKS
  • May 18, 1998: COMM REPORT OTP MAY21 (VOTE 6-0)
  • May 21, 1998: PASSED VV; SJ16,P404 + 430
  • June 10, 1998: ENROLLED AM<2042>, AA VV; SJ19,P548-550
  • June 10, 1998: ENROLLED AM, AM ADOPTED 2/3; HJ57,P2158-2160
  • June 18, 1998: ENROLLED; HJ64,P2271
  • June 18, 1998: ENROLLED; SJ20,P690
  • June 26, 1998: SIGNED BY GOVERNOR 06/26/98 EFF: 01/01/99 CHAP.0326

Laws It Would Change

From the General Court