BILL · 2013–14 SESSION · LATEST VERSION ESB 6553

SB 6553: Real property sale proceeds

Concerning the distribution of real property sale proceeds.

Summary

  • Provides that junior interest holders, rather than the judgment debtor, are first in line to receive excess proceeds following sales under execution.

From the Engrossed House Bill Report (ESB 6553), written by the Legislature's nonpartisan staff. Read the full report ↗

Enacted Enacted · Chapter 107, Laws of 2014
  1. IntroducedFeb 6, 2014
  2. Out of committeeFeb 7, 2014
  3. Passed SenateFeb 18, 2014
  4. Passed HouseMar 7, 2014
  5. GovernorMar 27, 2014
  6. LawMar 27, 2014
Prime sponsor
Adam Kline (D-37)
Introduced
February 6, 2014 in the Senate
Last action
March 27, 2014
Session law
Chapter 107, Laws of 2014

AN ACT Relating to the distribution of real property sale proceeds;

Sponsors

Prime sponsor: Adam Kline (D-37)

3 co-sponsors (2 Democrats, 1 Republican)

Votes

Senate · 3rd Reading & Final Passage

Passed February 18, 2014
Version voted on: ESB 6553
47 Yea 0 Nay 0 Absent 2 Excused
PartyYeaNayAbsentExcused
Democrat24001
Republican23001
How each member voted

House · Final Passage as Amended by the House

Passed March 7, 2014
Version voted on: ESB 6553
97 Yea 0 Nay 0 Absent 1 Excused
PartyYeaNayAbsentExcused
Democrat55000
Republican42001
How each member voted

Yea (97)

Excused (1)

Senate · Final Passage as Amended by the House

Passed March 10, 2014
Version voted on: ESB 6553
49 Yea 0 Nay 0 Absent 0 Excused
PartyYeaNayAbsentExcused
Democrat25000
Republican24000
How each member voted

History

  1. Effective date 6/12/2014. (ESB 6553)
  2. Chapter 107, 2014 Laws. (ESB 6553)
  3. Governor signed. (ESB 6553)
  4. Delivered to Governor. (ESB 6553)
  5. President signed. (ESB 6553)
  6. Speaker signed. (ESB 6553)
  7. Passed final passage; yeas, 49; nays, 0; absent, 0; excused, 0. (ESB 6553)
  8. Senate concurred in House amendments. (ESB 6553)
  9. Third reading, passed; yeas, 97; nays, 0; absent, 0; excused, 1. (ESB 6553)
  10. Rules suspended. Placed on Third Reading. (ESB 6553)
  11. Committee amendment adopted with no other amendments. (ESB 6553)
  12. Rules Committee relieved of further consideration. Placed on second reading. (ESB 6553)
  13. JUDI - Executive action taken by committee. (ESB 6553)
  14. JUDI - Majority; do pass with amendment(s). (ESB 6553)
  15. Passed to Rules Committee for second reading. (ESB 6553)
  16. First reading, referred to Judiciary (Not Officially read and referred until adoption of Introduction report). (ESB 6553)
  17. Third reading, passed; yeas, 47; nays, 0; absent, 0; excused, 2. (ESB 6553)
  18. Rules suspended. Placed on Third Reading. (ESB 6553)
  19. Floor amendment(s) adopted. (ESB 6553)
  20. Placed on second reading by Rules Committee. (ESB 6553)
  21. FIHI - Majority; do pass. (ESB 6553)
  22. Passed to Rules Committee for second reading. (ESB 6553)
  23. First reading, referred to Financial Institutions, Housing & Insurance. (ESB 6553)

SB 6553 in other sessions

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

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