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Bill Actions for HB 1085

HJ=House Journal; SJ=Senate Journal

Introduced by Industry, Business and Labor

(At the request of the Department of Financial Institutions)

AN ACT to create and enact a new subsection to section 6‑01‑02 and section 6‑03‑59.2 of the North Dakota Century Code, relating to providing a definition for a financial corporation and to authorize lease financing of public facilities by a state‑chartered bank; and to amend and reenact sections 6‑01‑01, 6‑01‑04, 6‑01‑04.3, 6‑01‑05, 6‑01‑06, and 6‑01‑09, subsection 1 of section 6‑01‑10, and sections 6‑01‑13, 6‑01‑14, 6‑01‑15, 6‑01‑16, 6‑03‑05, 6‑03‑11, 6‑03‑13, 6‑03‑27, 6‑03‑37, 6‑05‑04.1, 6‑05‑15.1, 6‑05‑26, 6‑05‑28, 6‑05‑29, and 6‑08‑27 of the North Dakota Century Code, relating to the management and control of entities regulated by the department of financial institutions, the powers and duties of the state banking board and state credit union board, assessment of civil money penalties, the taking of testimony and enforcement of orders, the appointment of receivers, the supervision and examination by the commissioner of financial institutions, the records kept and reports made by the commissioner of financial institutions, the appointment of an assistant commissioner and assignment of titles within the department of financial institutions, the reports of deputies of the commissioner of financial institutions, the prohibition of financial interest by officers and employees of the department of financial institutions in entities regulated by the department of financial institutions, the salaries of deputies of the commissioner of financial institutions, the regulation and limitation of loans on real estate, the conversion, consolidation, or merger of banking institutions, the removal to a new location of a banking association, requirements regarding how the list of shareholders of a banking institution is to be kept and when it is to be filed with the commissioner of financial institutions, reserve funds of banking associations, the right of action against security deposits of trust companies, responsibilities of trust companies to a beneficiary of a trust, reports regarding the increase in capital stock of trust companies to the state banking board, fees paid to the department of financial institutions by trust companies, the duty of the commissioner of financial institutions when an examination of a trust company discloses a violation of law, and the authorization and application by a nonresident bank or trust company intending to establish a place of business, branch office, or agency in the state.

Date Chamber Meeting Description Journal
01/08 House Introduced, first reading, referred Industry, Business and Labor Committee HJ 48
01/15 House Committee Hearing 09:00
01/29 House Reported back amended, do pass, amendment placed on calendar 11 0 4 HJ 267
01/30 House Amendment adopted, placed on calendar HJ 275
02/01 House Second reading, passed, yeas 88 nays 0 HJ 306
02/04 Senate Received from House SJ 230
02/06 Senate Introduced, first reading, referred Industry, Business and Labor Committee SJ 255
03/06 Senate Committee Hearing 09:30
03/13 Senate Reported back amended, do pass, amendment placed on calendar 7 0 0 SJ 731
03/14 Senate Amendment adopted, placed on calendar SJ 737
03/15 Senate Second reading, passed as amended, yeas 44 nays 0 SJ 750
03/18 House Returned to House (12) HJ 953
04/08 House Concurred HJ 1254
Second reading, passed, yeas 91 nays 1 HJ 1254
04/09 Senate Signed by President SJ 1212
04/12 House Signed by Speaker HJ 1593
Sent to Governor HJ 1517
04/17 House Signed by Governor 04/15 HJ 1650
04/18 Filed with Secretary Of State 04/16

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