l9n/ North Dakota

2013 Regular Session, 2013–2014

House Bill 1085

Relating to providing a definition for a financial corporation and to authorize lease financing of public facilities by a state‑chartered bank; to amend and reenact sections 6‑01‑01, 6‑01‑04, 6‑01‑04.3, 6‑01‑05, 6‑01‑06, 6‑01‑09, subsection 1 of section 6‑01‑10, sections 6‑01‑13, 6‑01‑14, 6‑01‑15, 6‑01‑16, 6‑03‑05, 6‑03‑11, 6‑03‑13, 6‑03‑27, 6‑03‑37, 6‑05‑04.1, 6‑05‑15.1, 6‑05‑26, 6‑05‑28, 6‑05‑29, and 6‑08‑27 of the North Dakota Century Code, relating to the management and control of entities regulated by the department of financial institutions, the powers and duties of the state banking board and state credit union board, assessment of civil money penalties, the taking of testimony and enforcement of orders, the appointment of receivers, the supervision and examination by the commissioner of financial institutions, the records kept and reports made by the commissioner of financial institutions, the appointment of an assistant commissioner and assignment of titles within the department of financial institutions, the reports of deputies of the commissioner of financial institutions, the prohibition of financial interest by officers and employees of the department of financial institutions in entities regulated by the department of financial institutions, the salaries of deputies of the commissioner of financial institutions, the regulation and limitation of loans on real estate, the conversion, consolidation, or merger of banking institutions, the removal to a new location of a banking association, requirements regarding how the list of shareholders of a banking institution is to be kept and when it is to be filed with the commissioner of financial institutions, reserve funds of banking associations, the right of action against security deposits of trust companies, responsibilities of trust companies to a beneficiary of a trust, reports regarding the increase in capital stock of trust companies to the state banking board, fees paid to the department of financial institutions by trust companies, the duty of the commissioner of financial institutions when an examination of a trust company discloses a violation of law, the authorization and application by a nonresident bank or trust company intending to establish a place of business, branch office, or agency in the state.

Became law, signed April 17, 2013, 99 days after it was filed.

What it does

The synopsis the Legislative Assembly published with the bill.

AN ACT to create and enact a new subsection to section 6-01-02 and section 6-03-59.2 of the North Dakota Century Code, relating to providing a definition for a financial corporation and to authorize lease financing of public facilities by a state-chartered bank; and to amend and reenact sections 6-01-01, 6-01-04, 6-01-04.3, 6-01-05, 6-01-06, and 6-01-09, subsection 1 of section 6-01-10, and sections 6-01-13, 6-01-14, 6-01-15, 6-01-16, 6-03-05, 6-03-11, 6-03-13, 6-03-27, 6-03-37, 6-05-04.1, 6-05-15.1, 6-05-26, 6-05-28, 6-05-29, and 6-08-27 of the North Dakota Century Code, relating to the management and control of entities regulated by the department of financial institutions, the powers and duties of the state banking board and state credit union board, assessment of civil money penalties, the taking of testimony and enforcement of orders, the appointment of receivers, the supervision and examination by the commissioner of financial institutions, the records kept and reports made by the commissioner of financial institutions, the appointment of an assistant commissioner and assignment of titles within the department of financial institutions, the reports of deputies of the commissioner of financial institutions, the prohibition of financial interest by officers and employees of the department of financial institutions in entities regulated by the department of financial institutions, the salaries of deputies of the commissioner of financial institutions, the regulation and limitation of loans on real estate, the conversion, consolidation, or merger of banking institutions, the removal to a new location of a banking association, requirements regarding how the list of shareholders of a banking institution is to be kept and when it is to be filed with the commissioner of financial institutions, reserve funds of banking associations, the right of action against security deposits of trust companies, responsibilities of trust companies to a beneficiary of a trust, reports regarding the increase in capital stock of trust companies to the state banking board, fees paid to the department of financial institutions by trust companies, the duty of the commissioner of financial institutions when an examination of a trust company discloses a violation of law, and the authorization and application by a nonresident bank or trust company intending to establish a place of business, branch office, or agency in the state.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the House of Representatives

Its course

January 8 to April 18, 2013, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

Each committee stop sits inside its chamber.

Every action19 actions on 17 days

In the House of RepresentativesJan 8 to Feb 124 days

Industry, Business and LaborJan 8 to Jan 2921 days

In the SenateFeb 1 to Mar 1542 days

Industry, Business and LaborFeb 6 to Mar 1335 days

Back in the House of RepresentativesMar 15 to Apr 925 days

Waiting to be sentApr 9 to Apr 123 days

With the GovernorApr 12 to Apr 175 days

Votes

Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

  • Industry, Business and Labor11–0

    Do pass as amended · Jan 29 · 4 present

  • House of Representatives, second reading88–0

    Passed · Feb 1

  • Industry, Business and Labor7–0

    Do pass as amended · Mar 13

  • Senate, second reading44–0

    Passed · Mar 15

  • House of Representatives, second reading91–1

    Passed · Apr 8

Amendments

Each amendment offered, and what became of it.

  • House of Representatives committee amendmentAdopted

    Adopted Jan 30

  • Senate committee amendmentAdopted

    Adopted Mar 14

Text

Each version as the Legislative Assembly printed it.

l9n doesn't hold this bill's text yet.

What happened

In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

In the House of Representatives Jan 8 – Feb 1

  1. Jan 8Introduced and sent to Industry, Business and Labor
  2. Jan 15Heard in Industry, Business and Labor
  3. Jan 29Industry, Business and Labor recommended it as amended, 11 to 0
  4. Jan 30Amended as the committee recommended
  5. Feb 1Passed the House of Representatives, 88 to 0

In the Senate Feb 4 – Mar 15

  1. Feb 4Arrived in the Senate
  2. Feb 6Read a first time and sent to Industry, Business and Labor
  3. Mar 6Heard in Industry, Business and Labor
  4. Mar 13Industry, Business and Labor recommended it as amended, 7 to 0
  5. Mar 14Amended as the committee recommended
  6. Mar 15Passed the Senate, 44 to 0

Back in the House of Representatives Mar 18 – Apr 9

  1. Mar 18Returned to the House of Representatives
  2. Apr 8The House of Representatives agreed to the other chamber's changes
  3. Passed the House of Representatives, 91 to 1
  4. Apr 9Signed in the Senate

To the Governor Apr 12 – Apr 18

  1. Apr 12Signed in the House of Representatives
  2. Sent to the Governor
  3. Apr 17Signed by the Governor
  4. Apr 18Filed with the Secretary of State
All 19 actions, as published
  1. Jan 8Introduced, first reading, referred Industry, Business and Labor CommitteeHouse of Representatives
  2. Jan 15Committee Hearing 09:00House of Representatives
  3. Jan 29Reported back amended, do pass, amendment placed on calendar 11 0 4House of Representatives
  4. Jan 30Amendment adopted, placed on calendarHouse of Representatives
  5. Feb 1Second reading, passed, yeas 88 nays 0House of Representatives
  6. Feb 4Received from HouseSenate
  7. Feb 6Introduced, first reading, referred Industry, Business and Labor CommitteeSenate
  8. Mar 6Committee Hearing 09:30Senate
  9. Mar 13Reported back amended, do pass, amendment placed on calendar 7 0 0Senate
  10. Mar 14Amendment adopted, placed on calendarSenate
  11. Mar 15Second reading, passed as amended, yeas 44 nays 0Senate
  12. Mar 18Returned to House (12)House of Representatives
  13. Apr 8ConcurredHouse of Representatives
  14. Apr 8Second reading, passed, yeas 91 nays 1House of Representatives
  15. Apr 9Signed by PresidentSenate
  16. Apr 12Signed by SpeakerHouse of Representatives
  17. Apr 12Sent to GovernorHouse of Representatives
  18. Apr 17Signed by Governor 04/15House of Representatives
  19. Apr 18Filed with Secretary Of State 04/16Both houses