HB178 Alabama 2012 Session
Summary
- Primary Sponsor
Steve ClouseRepresentativeRepublican- Session
- Regular Session 2012
- Title
- Security transfer of securities and security accounts, Sec. 8-6-140 am'd
- Description
Under existing law, securities and brokerage accounts may have beneficiary designations that take effect upon the death of the account owner.
This act would broaden the types of accounts that may contain transfer-on-death obligations to include securities, brokerage, investment management, and custody accounts maintained by any securities broker or dealer, bank, or other depository institution, trust company, investment adviser, or other financial institution.
- Subjects
- Finance
Bill Actions
Clouse motion to Indefinitely Postpone adopted Voice Vote
Clouse motion to Substitute a Companion Bill adopted Voice Vote
Third Reading Indefinitely Postponed
Read for the second time and placed on the calendar
Read for the first time and referred to the House of Representatives committee on Financial Services
Bill Text
Documents
Source: Alabama Legislature