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CS/SB 1184: Bank Property of Deceased Accountholders

GENERAL BILL by Banking and Insurance ; Baxley

Bank Property of Deceased Accountholders; Specifying that a financial institution is not prohibited from disclosing specified information to certain persons relating to deceased account holders; authorizing a financial institution to pay to the authorized family member of a decedent depositor, without any court proceeding, order, or judgment authorizing the payment and not earlier than a specified time, the funds in the decedent’s qualified accounts if the sum does not exceed a specified amount; requiring the authorized family member to provide the financial institution a certified copy of the decedent’s death certificate and a specified affidavit in order to receive the funds, etc.

Effective Date: 7/1/2019
Last Action: 3/14/2019 Senate - CS by Banking and Insurance read 1st time -SJ 248
Bill Text: Web Page | PDF
Senate Committee References:
  1. Banking and Insurance (BI)
  2. Judiciary (JU)
  3. Rules (RC)



Bill History

Date Chamber Action
2/18/2019 Senate • Filed
2/28/2019 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 122
3/5/2019 Senate • Introduced -SJ 122
3/6/2019 Senate • On Committee agenda-- Banking and Insurance, 03/11/19, 4:00 pm, 412 Knott Building
3/11/2019 Senate • CS by Banking and Insurance; YEAS 7 NAYS 0 -SJ 196
3/13/2019 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• Now in Judiciary
3/14/2019 Senate • CS by Banking and Insurance read 1st time -SJ 248