CS/HB 825: Family Trust Companies
GENERAL BILL by Insurance and Banking Subcommittee ; Roberson
Family Trust Companies; Revises provisions relating to Family Trust Company Act; specifies applicability of other chapters to FTCA; revises registration & renewal requirements; revises requirements for OFR investigations, examinations, & suspensions of trust companies; revises acts that may result in penalties & revises penalties.
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Bill History
Date Chamber Action 2/18/2015 House • Filed
2/26/2015 House • Referred to Insurance and Banking Subcommittee; Government Operations Appropriations Subcommittee; Regulatory Affairs Committee -HJ 68
3/3/2015 House • Introduced -HJ 68
3/6/2015 House • On Committee agenda-- Insurance and Banking Subcommittee, 03/10/15, 9:00 am, Sumner Hall
3/10/2015 House • CS by Insurance and Banking Subcommittee; YEAS 12 NAYS 0 -HJ 204
• Pending review of CS under Rule 7.19(c)
• CS by Insurance and Banking Subcommittee read 1st time -HJ 202
3/11/2015 House • Original reference(s) removed: Government Operations Appropriations Subcommittee
• CS referred to Regulatory Affairs Committee -HJ 222
• Now in Regulatory Affairs Committee -HJ 222
3/30/2015 House • On Committee agenda-- Regulatory Affairs Committee, 04/01/15, 8:00 am, Sumner Hall
4/1/2015 House • Favorable by- Regulatory Affairs Committee; YEAS 12 NAYS 0 -HJ 365
• Placed on Calendar -HJ 365
4/27/2015 House • Placed on Special Order Calendar, 04/28/15
4/28/2015 House • Temporarily postponed, on 2nd Reading -HJ 883
• Died on Calendar
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CS/HB 825, Committee Substitute 1 (Current Bill Version) Posted 3/10/2015 at 3:31 PM
Bill Text: PDF Analyses: Regulatory Affairs Committee (Post-Meeting) 4/1/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 568 (c1) Family Trust Companies Richter Similar Last Action: 4/28/2015 H Died on Calendar
Location: On 2nd Reading Calendar
Citations - Statutes (17)
Citation Catchline Location in Bill Location In Bill Help 662.102 Purpose. Page 4 (pdf) 662.111 Definitions. Page 5 (pdf) 662.113 Page 6 (pdf) 662.120 Maximum number of designated relatives. Page 7 (pdf) 662.1215 Investigation of license applicants. Page 7 (pdf) 662.122 Registration of a family trust company or a foreign licensed family trust company. Page 7 (pdf) 662.1225 Requirements for a family trust company, licensed family trust company, and foreign licensed family trust company. Page 8 (pdf) 662.123 Organizational documents; use of term “family trust” in name. Page 10 (pdf) 662.128 Annual renewal. Page 10 (pdf) 662.132 Investments. Page 12 (pdf) 662.141 Examination, investigations, and fees. Page 14 (pdf) 662.142 Revocation of license. Page 17 (pdf) 662.143 Cease and desist authority. Page 19 (pdf) 662.144 Failure to submit required report; fines. Page 20 (pdf) 662.145 Grounds for removal. Page 21 (pdf) 662.150 Domestication of a foreign family trust company. Page 22 (pdf) 662.151 Registration of a foreign licensed family trust company to operate in this state. Page 23 (pdf) -
HB 825, Original Filed Version Posted 2/18/2015 at 6:17 PM
Bill Text: PDF Analyses: Insurance and Banking Subcommittee (Post-Meeting) 3/10/2015 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills S 568 (c1) Family Trust Companies Richter Similar Last Action: 4/28/2015 H Died on Calendar
Location: On 2nd Reading Calendar
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 810165 - Strike All Amendment
Remove everything after the enacting clause and insert:Roberson 3/9/2015
6:34 PMAdopted without Objection
3/10/2015PDF Citations - Statutes (16)
Citation Catchline Location in Bill Location In Bill Help 662.102 Purpose. Page 3 (pdf) 662.111 Definitions. Page 5 (pdf) 662.113 Page 6 (pdf) 662.120 Maximum number of designated relatives. Page 6 (pdf) 662.1215 Investigation of license applicants. Page 6 (pdf) 662.122 Registration of a family trust company or a foreign licensed family trust company. Page 7 (pdf) 662.1225 Requirements for a family trust company, licensed family trust company, and foreign licensed family trust company. Page 8 (pdf) 662.123 Organizational documents; use of term “family trust” in name. Page 9 (pdf) 662.128 Annual renewal. Page 9 (pdf) 662.132 Investments. Page 11 (pdf) 662.141 Examination, investigations, and fees. Page 12 (pdf) 662.142 Revocation of license. Page 16 (pdf) 662.143 Cease and desist authority. Page 17 (pdf) 662.145 Grounds for removal. Page 18 (pdf) 662.150 Domestication of a foreign family trust company. Page 19 (pdf) 662.151 Registration of a foreign licensed family trust company to operate in this state. Page 20 (pdf)