Mississippi Legislature

1997 Regular Session

House Bill 1462

[Introduced]

Instructions Bill Status Menu





History of Actions

Background

Title

Description: Trustee; bank acting as may not invest trust funds in bank instruments without consent.

History of Actions:

101/20/97(H)Referred To Banks and Banking
202/04/97(H)Died In Committee

Background Information:

Effective dateJuly 1, 1997
DispositionDead
DeadlineGeneral Bill/Constitutional Amendment
RevenueNo
3/5ths vote requiredNo

House Committee:

Principal Author: Guice

Code Sections: A 081-0005-0033, A 091-0009-0107, A 091-0013-0003, A 091-0013-0006

Title: AN ACT TO AMEND SECTIONS 81-5-33, 91-9-107, 91-13-3, 91-13-6, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT A BANK, SAVINGS AND LOAN ASSOCIATION OR SAVINGS BANK ACTING AS A TRUSTEE MAY NOT INVEST FUNDS OF THE TRUST IN ANY INVESTMENT ISSUED BY THE BANK, SAVINGS AND LOAN ASSOCIATION OR SAVINGS BANK ITSELF WITHOUT THE EXPRESS WRITTEN CONSENT OF THE BENEFICIARY OR BENEFICIARIES OF THE TRUST; AND FOR RELATED PURPOSES.


Information pertaining to this measure was last updated on 01/20/97 at 16:31.



End Of Document

1997/History/HB\HB1462.htm