SB179 Alabama 2012 Session
Summary
- Primary Sponsor
-
Mark Slade BlackwellRepublican - 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
Documents
Source: Alabama Legislature