SB 370 (2002): removing an exemption to a limitation on service by a trustee, director, or officer at more than one financial institution.

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“SB 370 (2002): removing an exemption to a limitation on service by a trustee, director, or officer at more than one financial institution.” Granite Record, https://graniterecord.org/bill/2002/sb370. Accessed 24 Oct. 2026.
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@misc{bill-2002-sb370, title = {SB 370 (2002): removing an exemption to a limitation on service by a trustee, director, or officer at more than one financial institution.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2002/sb370}, note = {Accessed 24 Oct. 2026} }

SB 370 (2002)

removing an exemption to a limitation on service by a trustee, director, or officer at more than one financial institution.

  • Status: Signed into law
  • Term: 2001-2002
  • House committee: Commerce
  • Senate committee: Banks
  • Subject: Miscellaneous
  • Chapter law: 49

The Story

It was introduced on January 2, 2002 and referred to the Senate Banks committee. The committee held a public hearing on January 15, 2002. The committee recommended that the Senate pass it with changes (amendment 2738). On February 20, 2002 the Senate voted to pass it with changes on a voice vote and ordered it to a third reading. It crossed to the House on February 21, 2002 and was referred to the House Commerce committee. The committee held a public hearing on March 14, 2002. The majority of the committee recommended that the House pass it unanimously, 11–0, and the report was placed on the consent calendar. On April 4, 2002 the House voted to pass it. The bill was enrolled on April 17, 2002 — the final check of the text before it goes to the governor. The governor signed it on April 26, 2002, making it Chapter 49 of the session laws. It took effect on June 25, 2002.

Sponsors

Hearings and Sessions

  • January 15, 2002, 10:30 AM: hearing, Senate Banks, LOB 103
  • March 14, 2002, 11:00 AM: hearing, House Commerce, RM302,LOB

Votes

  • February 20, 2002, Senate: Ought to Pass with Amendment — voice vote, passed

The Docket

  • January 2, 2002: Introduced and Ref. to Banks
  • January 15, 2002: Hearing; January 15, 2002, Room 103, LOB 10:30 a.m.; SC1
  • February 19, 2002: Committee Report; Ought to Pass with Amendment {2738}, (New Title),[02/20/02]; SC12A, Pg.7-8
  • February 20, 2002: Ought to Pass with Amendment {2738},(New Title), AA, VV; OT3rdg, MA,VV
  • February 21, 2002: Introduced and ref to Commerce; HJ25, p943
  • March 5, 2002: Copy to Chairman on Mar 5
  • March 14, 2002: Hearing Mar 14 11:00 RM302,LOB
  • March 27, 2002: Maj Report OTP for Apr 4 (vote 11-0;CC)
  • April 4, 2002: Passed; HJ32, p1248 + 1283
  • April 16, 2002: Enrolled
  • April 17, 2002: Enrolled; HJ34, p1348
  • April 26, 2002: Signed by the Governor on 4/26/2002 Eff- 06/25/2002 Chap- 0049

Laws It Would Change

From the General Court