SB 395 (1998): enacting certain provisions of the prudent investor act.
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@misc{bill-1998-sb395, title = {SB 395 (1998): enacting certain provisions of the prudent investor act.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/1998/sb395}, note = {Accessed 24 Oct. 2026} }
SB 395 (1998)
enacting certain provisions of the prudent investor act.
- Status: Signed into law
- Term: 1997-1998
- House committee: Judiciary and Family Law
- Senate committee: Banks
- Subject: Miscellaneous
- Chapter law: 128
The Story
It was introduced on January 7, 1998 and referred to the Senate Banks committee. The committee held a public hearing on January 27, 1998. The committee voted unanimously, 7–0, to recommend that the Senate pass it. On March 5, 1998 the Senate voted to pass it on a voice vote. It crossed to the House on March 5, 1998 and was referred to the House Judiciary and Family Law committee. The committee held a public hearing on March 24, 1998. On April 9, 1998 the House adopted “Suspend Rules change rept date to 05/14/1998”, on a motion by Rep. Wheeler & Burling. The majority of the committee recommended that the House pass it unanimously, 14–0, and the report was placed on the consent calendar. On May 7, 1998 the House voted to pass it. The bill was enrolled on May 21, 1998 — the final check of the text before it goes to the governor. The governor signed it on June 2, 1998, making it Chapter 128 of the session laws. It took effect on January 1, 1999.
Sponsors
- Sen. Gordon (SD2) (prime sponsor)
Hearings and Sessions
- January 27, 1998, 1:45 PM: hearing, Senate Banks, RM102,LOB
- March 24, 1998, 1:00 PM: hearing, House Judiciary and Family Law, RM208,LOB
Votes
- March 5, 1998, Senate: Ought to Pass — voice vote, passed
The Docket
- January 7, 1998: INTRODUCED AND REF TO BANKS; SJ1,P8
- January 27, 1998: HEARING JAN27 1:45 RM102,LOB FOR: BANKS
- March 2, 1998: COMM REPORT OTP MAR05 (VOTE 7-0)
- March 5, 1998: PASSED VV; SJ5,P106 + 119
- March 5, 1998: INTRODUCED AND REF TO JUDICIARY & F L; HJ24,P1218
- March 10, 1998: COPY TO CHAIRMAN ON 03/11/98 DUE ON 04/15/98
- March 24, 1998: HEARING MAR24 1:00 RM208,LOB FOR: JUD
- April 9, 1998: REPS WHEELER & BURLING SUSP RULES, CHANGE REPT DATE TO MAY14, MA 2/3VV; HJ34,P1464
- April 28, 1998: MAJ REPORT OTP FOR MAY07 (VOTE 14-0;CC)
- May 7, 1998: PASSED/ADOPTED; HJ42,P1684 + 1702
- May 20, 1998: ENROLLED; HJ48,P1974
- May 21, 1998: ENROLLED; SJ16,P375
- June 2, 1998: SIGNED BY GOVERNOR 06/02/98 EFF: 01/01/99 CHAP.0128