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Companion Bill SB3413.

Banks and Financial Institutions - Authorizes sale of abandoned property in safe deposit box by method approved by commissioner of financial institutions or under the UCC; updates statutory citation concerning sales under UCC. - Amends TCA Title 45, Chapter 2.

Fiscal Summary for HB3613 / *SB3413

Increase State Expenditures - Not Significant


Bill Summary for HB3613 / *SB3413

ON FEBRUARY 11, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 3413, AS AMENDED.

AMENDMENT #1 removes from this bill authorization to sell abandoned property in a safe deposit box by a method approved by the state treasurer. Under this amendment, abandoned property in a safe deposit box may be sold in a manner authorized by the commissioner of financial institutions or pursuant to the Uniform Commercial Code.
Latest Actions
  • 04/15/2008 - Companion became Public Chapter 677
  • 03/17/2008 - Companion Senate Bill Substituted
  • 03/13/2008 - H. Placed on Regular Calendar for 3/17/08
  • 03/11/2008 - Placed on Calendar Calendar & Rules Committee for 03/13/2008
  • 03/11/2008 - Recommended for Passage if Am. Referred to: Calendar & Rules Committee

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Bill Text
File name Last Updated
Amendment 1-0 to HB361303/13/2008
HB3613 Bill Text PDF01/26/2008

Fiscal Notes
File name Last Updated
SB3413 Fiscal Notes PDF01/25/2008