90th General Assembly Summary of HB1923    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
SCHOENBERG-WEAVER,MIKE.

Senate Sponsors:
PARKER-WALSH,T-HALVORSON

Short description: 
DEPOSIT ACCTS-BOND-CT ORDER                                                

Synopsis of Bill as introduced:
        Amends the Adverse Claims to Deposit Accounts  Act.   Requires  a      
   financial  institution  to  recognize  an  adverse  claim to a deposit      
   account if ordered to do so by a court.   Provides  that  a  financial      
   institution  may, in its discretion, recognize an adverse claim if the      
   person  making  the  claim  posts  a  bond.    Current  law   requires      
   recognition of the claim if a bond is posted.  Effective immediately.       
          FISCAL NOTE (Dpt. of Financial Inst.)                                
          HB 1923 would have no fiscal impact on the Dept.                     
          STATE MANDATES FISCAL NOTE                                           
          In the opinion of DCCA, HB1923 fails to create a State mandate       
          under the State Mandates Act.                                        
          HOME RULE NOTE                                                       
          HB 1923 does not preempt home rule authority.                        
 
Last action on Bill: PUBLIC ACT.............................. 90-0163

   Last action date: 97-07-23

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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