00RS SB169


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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.


     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)

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