BILL · 2005–06 SESSION
SB 5137: Vessel dealer trust accounts
Adjusting procedures of vessel dealer trust accounts.
Summary
- When a vessel dealer receives a deposit in excess of $1000, or any deposit which will be held for more than 14 days, the dealer must deposit the funds into the trust account within 48 hours of acceptance of the offer by the seller and the buyer. Moreover, the offer must be made to the seller within 48 hours of receipt of the funds, or the deposit must be returned to the buyer or deposited in the trust account.
From the Senate Bill Report (SB 5137), written by the Legislature's nonpartisan staff. Read the full report ↗
Did not pass Did not pass · stalled on the Senate floor
- IntroducedJan 14, 2005
- Out of committeeFeb 25, 2005
- Passed Senatestopped here
- Passed House
- Governor
- Law
- Prime sponsor
- Mary Margaret Haugen (D-10)
- Introduced
- January 14, 2005 in the Senate
- Last action
- January 9, 2006
AN ACT Relating to vessel dealer trust accounts;
Sponsors
Prime sponsor: Mary Margaret Haugen (D-10)
3 co-sponsors (1 Democrat, 2 Republicans)
Votes
No recorded floor votes.
History
- By resolution, reintroduced and retained in present status.
- Senate Rules "X" file.
- Passed to Rules Committee for second reading.
- TRAN - Majority; do pass.
- First reading, referred to Transportation.
SB 5137 in other sessions
Bill numbers restart every two years, so the same number is a different bill in each session.
- SB 5137 (2025–26) Sex ed./parent approval
- SB 5137 (2023–24) Indigenous women
- SB 5137 (2021–22) Workers' comp COL adjustment
- SB 5137 (2019–20) Aircraft excise tax
- SB 5137 (2017–18) Oil spill planning/railroads
- SB 5137 (2015–16) Discover pass/veterans
- SB 5137 (2013–14) DFW license suspensions
- SB 5137 (2011–12) Street vacation hearings