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SB179 Alabama 2012 Session

Updated Jul 25, 2021
SB179 Alabama 2012 Session
Senate Bill
Enacted
Current Status
Regular Session 2012
Session
1
Sponsor

Summary

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

Forwarded to Executive Department

Assigned Act No. 2012-296.

Signature Requested

Enrolled

Passed Second House

Motion to Read a Third Time and Pass adopted Roll Call 1055

Third Reading Passed

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

Motion to Read a Third Time and Pass adopted Roll Call 709

Third Reading Passed

Read for the second time and placed on the calendar

Read for the first time and referred to the Senate committee on Banking and Insurance

Bill Text

Votes

Motion to Read a Third Time and Pass

April 20, 2012 Senate Passed
Yes 27
Absent 8

Motion to Read a Third Time and Pass

April 26, 2012 House Passed
Yes 91
Absent 14

Documents

Source: Alabama Legislature