HB0060            Trust company amendments.

Sponsored by: Joint Minerals, Business & Economic Development Interim Committee

AN ACT relating to trust companies; providing procedures for the judicial dissolution or rehabilitation of a trust company; providing for the appointment of the banking commissioner as a receiver of an insolvent or unsafe trust company as specified; requiring trust companies to post sureties with the commissioner as specified; providing for the voluntary dissolution or reorganization of a trust company; providing procedures for the organization of trust companies as limited liability companies; providing for fees; creating a trust company resolution account; providing rulemaking authority; and providing for an effective date.

Note: To view the Bill as prepared for Introduction please click the Bill Number Link above.

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