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Senate Bill 0379


Senate Bill 0379

ARCHIVE (2007)

Latest Information

 

DIGEST OF SB379 (Updated April 5, 2007 10:41 am - DI 84)


Purchase by fiduciary. Permits a bank, trust company, or savings bank that holds funds or property as a fiduciary to use the funds or property to purchase products, services, and securities from the bank, trust company, savings bank, affiliate, or a selling group or syndicate that includes the bank, trust company, savings bank, or affiliate. Sets forth procedures for a bank, trust company, or savings bank to: (1) give notice of; and (2) obtain consent for; such a transaction with respect to specified fiduciary relationships.
    Current Status:
     Passed 2nd reading - 2nd House
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