BILL · 2003–04 SESSION

SB 5706: Death security registration

Defining security account under the uniform transfer on death security registration act.

Summary

  • The definition of "security account" is expanded to include cash equivalents, and an investment management or custody account with a trust company or a trust division of a bank with trust powers. Investment management or trust accounts may have a beneficiary designation that will take effect at the owner's death.

From the Senate Bill Report (SB 5706), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the Senate floor
  1. IntroducedFeb 7, 2003
  2. Out of committeeFeb 17, 2003
  3. Passed Senatestopped here
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Don Benton (R-17)
Introduced
February 7, 2003 in the Senate
Last action
January 12, 2004
Companion bill
HB 1815

AN ACT Relating to defining security account under the uniform transfer on death security registration act;

Sponsors

Prime sponsor: Don Benton (R-17)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

No recorded floor votes.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. By resolution, reintroduced and retained in present status.
  4. Senate Rules "X" file.
  5. Referred to Rules.
  6. Placed on second reading by Rules Committee.
  7. Made eligible to be placed on second reading.
  8. Passed to Rules Committee for second reading.
  9. FSIH - Majority; do pass.
  10. First reading, referred to Financial Services, Insurance & Housing.

SB 5706 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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