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OK SB1934
Bill
Status
2/6/2012
Primary Sponsor
Susan Paddack
Click for details
AI Summary
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Creates a Task Force on the Retention of Fiduciary Records by Banks and Trust Companies composed of seven members appointed by the Governor, Senate President Pro Tempore, House Speaker, and State Banking Commissioner.
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Task force must hold organizational meeting by September 30, 2012, with legislative members serving as co-chairs and a quorum of present members sufficient to conduct business.
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Task force shall examine how banks with trust powers and trust companies maintain fiduciary records, including legal/original documents, administrative documents, and operations documents.
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Task force must submit final report with recommendations for law changes to the Governor and legislative leadership by January 31, 2013, and automatically terminates February 1, 2013.
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Act becomes effective September 1, 2012.
Legislative Description
Creating Task Force on Retention of Fiduciary Records by Banks and Trust Companies; providing for appointment of members. Effective date.
Revenue and Taxation
Last Action
Second Reading referred to Finance
2/8/2012