SB 368 (2012): relative to nondepository trust companies.
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SB 368 (2012)
relative to nondepository trust companies.
- Status: Signed into law
- Term: 2011-2012
- House committee: Commerce and Consumer Affairs
- Senate committee: Commerce
- Subject: Banking and Finance
- Chapter law: 111
The Story
It was introduced on January 4, 2012 and referred to the Senate Commerce committee. The committee held a public hearing on February 7, 2012. The committee recommended that the Senate pass it. On February 15, 2012 the Senate voted to pass it on a voice vote and ordered it to a third reading. It crossed to the House on February 22, 2012 and was referred to the House Commerce and Consumer Affairs committee. The committee held a public hearing on April 10, 2012. The committee held work sessions on April 24, 2012 and May 1, 2012. The committee voted unanimously, 14–0, to recommend that the House pass it, and the report was placed on the consent calendar. On May 9, 2012 the House voted to pass it on a voice vote. The bill was enrolled on May 17, 2012 — the final check of the text before it goes to the governor. The governor signed it on May 29, 2012, making it Chapter 111 of the session laws. It took effect on July 28, 2012.
Sponsors
- Sen. Sharon Carson (R - SD14) (prime sponsor)
- Rep. Matt Quandt (R - Rock 13)
- Rep. Mary Griffin (R - Rock 4)
Hearings and Sessions
- February 7, 2012, 9:40 AM: hearing, Senate Commerce, LOB 102
- April 10, 2012, 10:15 AM: public hearing, House Commerce and Consumer Affairs, LOB 302
- April 24, 2012, 2:45 PM: full committee work session, House Commerce and Consumer Affairs, LOB 302
- May 1, 2012, 10:30 AM: full committee work session, House Commerce and Consumer Affairs, LOB 302
Votes
- February 15, 2012, Senate: Ought to Pass — voice vote, passed
- May 9, 2012, House: Ought to Pass — voice vote, passed
The Docket
- January 4, 2012: Introduced 1/4/2012 and Referred to Commerce
- February 7, 2012: Hearing: 2/7/12, Room 102, LOB, 9:40 a.m.; SC6
- February 9, 2012: Committee Report: Ought to Pass, 2/15/12; SC7
- February 15, 2012: Ought to Pass, MA, VV; OT3rdg
- February 22, 2012: Introduced and Referred to Commerce and Consumer Affairs
- April 10, 2012: Public Hearing: 4/10/2012 10:15 AM LOB 302 ==Banking/Business Div==
- April 24, 2012: Full Committee Work Session: 4/24/2012 2:45 PM LOB 302
- May 1, 2012: Full Committee Work Session: 5/1/2012 10:30 AM LOB 302 ==Executive Session To Follow==
- May 2, 2012: Committee Report: Ought to Pass for May 9 (Vote 14-0; CC)
- May 9, 2012: Ought to Pass: MA VV
- May 16, 2012: Enrolled
- May 17, 2012: Enrolled
- May 29, 2012: Signed by the Governor on 05/29/2012; Chapter 0111; Effective 07/28/2012