BILL · 2005–06 SESSION

HB 2757: Limited liability companies

Allowing banks and savings banks to organize as limited liability companies.

Summary

  • Allows a bank, savings bank, or the holding company of a bank, or a savings bank to form or convert to a limited liability company (LLC).
  • Requires a bank, savings bank, or the holding company of a bank, or a savings bank to receive the approval of the Director of the Department of Financial Institutions to organize as a LLC or convert to a LLC.

From the House Bill Report (HB 2757), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · stalled on the House floor
  1. IntroducedJan 12, 2006
  2. Out of committeeJan 27, 2006
  3. Passed Housestopped here
  4. Passed Senate
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 12, 2006 in the House
Last action
January 27, 2006
Companion bill
SB 6463

AN ACT Relating to banks and savings banks;

Sponsors

Prime sponsor: Steve Kirby (D-29)

1 co-sponsor (0 Democrats, 1 Republican)

Votes

No recorded floor votes.

History

  1. Passed to Rules Committee for second reading.
  2. FII - Executive action taken by committee.
  3. FII - Majority; do pass.
  4. First reading, referred to Financial Institutions & Insurance.

HB 2757 in other sessions

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

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