BILL · 1993–94 SESSION · LATEST VERSION SSB 5796
SB 5796: Securities sellers
Prohibiting sellers of securities from charging customers due to a low number of transactions in an account or for transferring an account.
Summary
- A securities broker-dealer, salespersons, investment advisor, or investment advisor salesperson may not charge a customer a fee based on the lack of or low number of transactions in the customer's account. In addition, a fee may not be charged for transferring securities or closing or transferring an account.
From the Senate Bill Report (SB 5796), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · died in committee
- IntroducedFeb 15, 1993
- Out of committeestopped here
- Passed Senate
- Passed House
- Governor
- Law
- Prime sponsor
- Ray Moore (D-36)
- Introduced
- February 15, 1993 in the Senate
- Last action
- March 11, 1994
- Versions
- SB 5796, SSB 5796
Sponsors
Votes
No recorded floor votes. This measure never reached a floor vote.
History
The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.
SB 5796 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5796 (2025–26) Payroll expense tax
- SB 5796 (2023–24) Common interest communities
- SB 5796 (2021–22) Cannabis revenue
- SB 5796 (2019–20) Retirement communities
- SB 5796 (2017–18) Ethics complaint correspond.
- SB 5796 (2015–16) Adult family homes
- SB 5796 (2013–14) Emergency power/emissions
- SB 5796 (2011–12) Public transportation systms