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Glossary of Legislative Terms

SB 406: Secured Transactions

GENERAL BILL by Berman

Secured Transactions; Providing that a description of certain accounts and entitlements by a certain type of collateral is insufficient for the purpose of security agreements; providing retroactive application, etc.

Effective Date: Upon becoming a law
 Last Action: 5/5/2023 Senate - Veto Message transmitted to Secretary of State
Bill Text: Web Page | PDF
Senate Committee References:
  1. Community Affairs (CA)
  2. Finance and Tax (FT)
  3. Appropriations (AP)


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Bill History

Date Chamber Action
10/5/2021 Senate • Filed
10/13/2021 Senate • Referred to Community Affairs; Finance and Tax; Appropriations -SJ 23
10/25/2021 Senate • On Committee agenda-- Community Affairs, 11/03/21, 8:30 am, 37 Senate Building
11/3/2021 Senate • Favorable by Community Affairs; YEAS 8 NAYS 0 -SJ 95
• Now in Finance and Tax
1/10/2022 Senate • On Committee agenda-- Finance and Tax, 01/13/22, 9:00 am, 110 Senate Building
1/11/2022 Senate • Introduced -SJ 23
1/13/2022 Senate • Favorable by Finance and Tax; YEAS 7 NAYS 0 -SJ 114
• Now in Appropriations
1/24/2022 Senate • On Committee agenda-- Appropriations, 01/27/22, 11:30 am, 412 Knott Building
1/27/2022 Senate • Favorable by- Appropriations; YEAS 16 NAYS 0 -SJ 243
1/28/2022 Senate • Placed on Calendar, on 2nd reading
1/31/2022 Senate • Placed on Special Order Calendar, 02/03/22 -SJ 337
2/3/2022 Senate • Read 2nd time -SJ 333
• Read 3rd time -SJ 333
• Passed; YEAS 37 NAYS 0 -SJ 333
• Immediately certified -SJ 337
2/3/2022 House • In Messages
2/28/2022 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (3/3/2022)
• 1st Reading (Original Filed Version)
3/3/2022 House • Substituted for HB 451
• Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/4/2022 House • Read 3rd time
• Passed; YEAS 113, NAYS 0
3/4/2022 Senate • Ordered enrolled -SJ 694
6/17/2022 • Signed by Officers and presented to Governor
6/24/2022 • Vetoed by Governor
12/12/2022 Senate • Veto Message received (2022 Special Session A, 2023 Special Session B, 2023 Regular Session) -SJ 6
• Veto Message referred to Rules -SJ 6
5/5/2023 Senate • Veto Message transmitted to Secretary of State