SB179 Alabama 2012 Session
Bill Summary
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
To amend Section 8-6-140, Code of Alabama 1975, relating to the transfer of securities and security accounts upon the death of the owner, to 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, and to provide for the effective date of this act.
Bill Actions
| Action Date | Chamber | Action |
|---|---|---|
| May 1, 2012 | Forwarded to Executive Department | |
| May 1, 2012 | Assigned Act No. 2012-296. | |
| May 1, 2012 | Signature Requested | |
| May 1, 2012 | Enrolled | |
| April 26, 2012 | Passed Second House | |
| April 26, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 1055 | |
| April 26, 2012 | Third Reading Passed | |
| April 24, 2012 | Read for the second time and placed on the calendar | |
| April 19, 2012 | Read for the first time and referred to the House of Representatives committee on Financial Services | |
| April 19, 2012 | Motion to Read a Third Time and Pass adopted Roll Call 709 | |
| April 19, 2012 | Third Reading Passed | |
| February 21, 2012 | Read for the second time and placed on the calendar | |
| February 7, 2012 | Read for the first time and referred to the Senate committee on Banking and Insurance |
Bill Text
Bill Votes
Bill Documents
| Type | Link |
|---|---|
| Bill Text | SB179 Alabama 2012 Session - Enrolled |
| Bill Text | SB179 Alabama 2012 Session - Introduced |