Bill
HB 2579
85(R) - 2017
House Investments & Financial Services
Senate Business & Commerce
House Investments & Financial Services
Senate Business & Commerce
Finance
Property Rights
Vote Recommendation
Neutral
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Neutral
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Neutral
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Neutral
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Neutral
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Neutral
Author(s)
Justin Holland
Sponsor(s)
Dawn Buckingham
Bill Caption
Relating to the bond and other coverages required to be maintained by or for the benefit of a savings bank.
Fiscal Notes
No fiscal implication to the State is anticipated.
Bill Analysis
HB 2579 would change current code regarding indemnity bonds of directors, officers, and employees to be concerning financial institution bonds. A savings bank would be required to maintain a financial institution bond that provides adequate coverage to protect the bank from certain types of loss. Procedures would be revised accordingly regarding the employment of a collections agent, and the review of the bond.
Vote Recommendation Notes
HB 2579 makes in our view mostly procedural changes and does not appear to have a connection to our liberty principles, thus we remain neutral.
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