SB 169 (BR 1831) - T. Buford
AN ACT relating to banks.
Create a new section of KRS Chapter 287 to permit state banks which receive a CAMEL rating of 1 or 2 to engage in certain banking activities under certain circumstances; amend KRS 287.011 to permit the department to accept required filings in electronic format or other technology; amend KRS 287.100 to permit a bank to own or operate a courier service under certain conditions; amend KRS 287.180 to permit a bank to establish a branch in a county in which its principal office or an existing branch is located, with permission of the commissioner; amend KRS 287.185 to permit a bank to move its principal office or a branch from one location to another with the permission of the commissioner; amend KRS 287.900 to prohibit a bank holding company from acquiring or controlling greater than fifty percent (50%) of voting securities; amend KRS 287.920 to establish that interstate merger transactions and the approval thereof will be determined in part from the most recent June 30 quarterly report.
SB 169 - AMENDMENTS
SCS - Amend to give state banks parity with national banks, and with banks in other states.
Feb 1-introduced in Senate
Feb 3-to Banking and Insurance (S)
Feb 8-reported favorably, 1st reading, to Consent Calendar with Committee Substitute
Feb 9-2nd reading, to Rules
Feb 14-moved from Consent; posted for passage in the Regular Orders of the Day for Wednesday, February 16, 2000
Feb 16-3rd reading, passed 37-0 with Committee Substitute
Feb 17-received in House
Feb 18-to Banking and Insurance (H)
Feb 25-posted in committee
Mar 9-reported favorably, 1st reading, to Calendar
Mar 10-2nd reading, to Rules
Mar 16-posted for passage in the Regular Orders of the Day for Friday, March 17, 2000
Mar 23-3rd reading, passed 96-0
Mar 24-received in Senate; enrolled, signed by each presiding officer, delivered to Governor
Mar 31-signed by Governor (Acts ch. 279)
