WA People
BILL · 2013–14 SESSION

SB 5302: Credit unions

Addressing credit unions' corporate governance and investments.

Summary

  • Modifies credit union governance provisions related to meetings, removal of directors, compensation of directors and supervisory committee members, and merger approval.
  • Permits a credit union to invest its funds in a registered investment company or collective investment fund, and modifies provisions related to investment in real property.

From the House Bill Report (SB 5302), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 34, Laws of 2013
  1. IntroducedJan 25, 2013
  2. Out of committeeFeb 13, 2013
  3. Passed SenateFeb 26, 2013
  4. Passed HouseApr 12, 2013
  5. GovernorApr 22, 2013
  6. LawApr 22, 2013
Prime sponsor
Don Benton (R-17)
Introduced
January 25, 2013 in the Senate
Last action
April 22, 2013
Session law
Chapter 34, Laws of 2013
Budget
Has a fiscal note

AN ACT Relating to credit unions' corporate governance and investments;

Sponsors

Prime sponsor: Don Benton (R-17)

1 co-sponsor (1 Democrat, 0 Republicans)

Steve Hobbs D-44

Votes

Senate · 3rd Reading & Final Passage

Passed February 26, 2013
Version voted on: SB 5302
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat26000
Republican23000
How each member voted

Yea (49)

Permalink to this vote

House · Final Passage

Passed April 12, 2013
Version voted on: SB 5302
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat52003
Republican42001
How each member voted

Yea (94)

Excused (4)

Permalink to this vote

History

  1. Effective date 7/28/2013.
  2. Chapter 34, 2013 Laws.
  3. Governor signed.
  4. Delivered to Governor.
  5. Speaker signed.
  6. President signed.
  7. Third reading, passed; yeas, 94; nays, 0; absent, 0; excused, 4.
  8. Rules suspended. Placed on Third Reading.
  9. Placed on second reading by Rules Committee.
  10. Passed to Rules Committee for second reading.
  11. BFS - Majority; do pass.
  12. BFS - Executive action taken by committee.
  13. First reading, referred to Business & Financial Services.
  14. Third reading, passed; yeas, 49; nays, 0; absent, 0; excused, 0.
  15. Rules suspended. Placed on Third Reading.
  16. Placed on second reading by Rules Committee.
  17. FIHI - Majority; do pass.
  18. Passed to Rules Committee for second reading.
  19. First reading, referred to Financial Institutions, Housing & Insurance.

SB 5302 in other sessions

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

Report wrong or missing information on this page