WA People
BILL · 2005–06 SESSION

SB 6463: Limited liability companies

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

Summary

  • Allows a bank, savings bank, the holding company of a bank, or the holding company of a savings bank to form or convert to a limited liability company (LLC).
  • Requires a bank, savings bank, 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 (SB 6463), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 48, Laws of 2006
  1. IntroducedJan 12, 2006
  2. Out of committeeFeb 2, 2006
  3. Passed SenateFeb 13, 2006
  4. Passed HouseFeb 28, 2006
  5. GovernorMar 14, 2006
  6. LawMar 14, 2006
Prime sponsor
Darlene Fairley (D-32)
Introduced
January 12, 2006 in the Senate
Last action
March 14, 2006
Session law
Chapter 48, Laws of 2006
Companion bill
HB 2757

AN ACT Relating to banks and savings banks;

Sponsors

Prime sponsor: Darlene Fairley (D-32)

1 co-sponsor (0 Democrats, 1 Republican)

Don Benton R-17

Votes

Senate · 3rd Reading & Final Passage

Passed February 13, 2006
Version voted on: SB 6463
45 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican19004
How each member voted

Yea (45)

Excused (4)

Permalink to this vote

House · Final Passage

Passed February 28, 2006
Version voted on: SB 6463
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat56000
Republican41001
How each member voted

Yea (97)

Excused (1)

Permalink to this vote

History

  1. Governor signed.
  2. Chapter 48, 2006 Laws.
  3. Effective date 6/7/2006.
  4. Delivered to Governor.
  5. President signed.
  6. Speaker signed.
  7. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1.
  8. Placed on third reading.
  9. Committee recommendations adopted.
  10. Placed on second reading suspension calendar.
  11. Passed to Rules Committee for second reading.
  12. FII - Executive action taken by committee.
  13. FII - Majority; do pass.
  14. First reading, referred to Financial Institutions & Insurance.
  15. Third reading, passed; yeas, 45; nays, 0; absent, 0; excused, 4.
  16. Rules suspended. Placed on Third Reading.
  17. Placed on second reading by Rules Committee.
  18. Made eligible to be placed on second reading.
  19. FHC - Majority; do pass.
  20. Passed to Rules Committee for second reading.
  21. First reading, referred to Financial Institutions, Housing & Consumer Protection.

SB 6463 in other sessions

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

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