WA People
BILL · 2011–12 SESSION

HB 1466: Trust companies

Allowing trust companies to be organized as, or convert to, limited liability companies under certain conditions.

Summary

  • Allows a trust company or holding company of a trust company to form or convert to a limited liability company (LLC).
  • Requires a trust company or holding company of a trust company to obtain 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 1466), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 21, 2011
  2. Out of committeeFeb 3, 2011
  3. Passed HouseMar 1, 2011
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Steve Kirby (D-29)
Introduced
January 21, 2011 in the House
Last action
April 11, 2012
Companion bill
SB 5375

AN ACT Relating to the department of financial institutions' regulation of trust companies;

Sponsors

Prime sponsor: Steve Kirby (D-29)

1 co-sponsor (0 Democrats, 1 Republican)

Barbara Bailey R-10

Votes

House · Final Passage

Passed March 1, 2011
Version voted on: HB 1466
96 Yea 1 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat55100
Republican41001
How each member voted

Yea (96)

Nay (1)

Excused (1)

Permalink to this vote

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. Rules Committee relieved of further consideration.
  4. Referred to Business & Financial Services.
  5. By resolution, reintroduced and retained in present status.
  6. By resolution, reintroduced and retained in present status.
  7. By resolution, reintroduced and retained in present status.
  8. By resolution, returned to House Rules Committee for third reading.
  9. Passed to Rules Committee for second reading.
  10. FIHI - Majority; do pass.
  11. First reading, referred to Financial Institutions, Housing & Insurance.
  12. Third reading, passed; yeas, 96; nays, 1; absent, 0; excused, 1.
  13. Rules suspended. Placed on Third Reading.
  14. Placed on second reading by Rules Committee.
  15. Referred to Rules 2 Consideration.
  16. Passed to Rules Committee for second reading.
  17. BFS - Majority; do pass.
  18. BFS - Executive action taken by committee.
  19. First reading, referred to Business & Financial Services.

HB 1466 in other sessions

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

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