S.B. 08-30 Securities - purchase by public entities - delegation of contracting authority - extension of period. Increases the period for which a public entity may delegate to specified officers and members of the public entity the authority to sign a contract for the purchase of securities and to accept a binding bid for the securities from 60 days to one year after adoption of the act of issuance, or such shorter period as specified in the act of issuance.
APPROVED by Governor April 25, 2008
EFFECTIVE August 5, 2008
NOTE: This act was passed without a safety clause. For further explanation concerning the effective date,
see page vi of this digest.
S.B. 08-33 Private family trust companies - administration - restrictions - conversion to public trust company - banking board rules. Creates provisions for the administration of private family trust companies. Prohibits private family trust companies from transacting business with the general public. Allows a private family trust company to apply to the banking board for a whole or partial exemption from one or more provisions governing trust companies, and allows the banking board to grant and revoke such exemptions. Sets forth procedures by which a private family trust company may terminate its status as a private trust company, become a public trust company, and begin to transact business with the general public. Requires the banking board to promulgate rules for the administration of private family trust companies. Allows a private family trust company to make loans and extend credit to its officers, directors, and employees.
APPROVED by Governor May 28, 2008
EFFECTIVE May 28, 2008
S.B. 08-62 Misconduct of regulated persons - confidentiality - exception. Authorizes the state commissioner of financial services, the division of banking, and the state bank commissioner to inform a licensing agency within the department of regulatory agencies of possible misconduct by a person or entity licensed by the licensing agency.
APPROVED by Governor March 24, 2008
EFFECTIVE August 5, 2008
NOTE: This act was passed without a safety clause. For further explanation concerning the effective date,
see page vi of this digest.
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