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Latest Update: Thursday, July, 24th 2008

Companion Bill SB4171.

Credit Unions - Authorizes a credit union to convert its charter in order to do business as another type of financial institution. - Amends TCA Title 45, Chapter 11.

Fiscal Summary for *HB4127 / SB4171

Increase State Expenditures - Not Significant


Bill Summary for *HB4127 / SB4171

ON MARCH 31, 2008, THE SENATE ADOPTED AMENDMENT #1 AND PASSED SENATE BILL 4171, AS AMENDED.

AMENDMENT #1 requires that a plan of conversion by a credit union be approved in accordance with the membership approval process for a federally-insured credit union, to the extent such membership approval is applicable. This amendment also clarifies that rules must be promulgated in accordance with the UAPA.
Latest Actions
  • 06/06/2008 - Companion became Public Chapter 968
  • 05/01/2008 - Companion Senate Bill Substituted
  • 04/29/2008 - H. Placed on Regular Calendar for 5/01/08
  • 04/24/2008 - Placed on Calendar Calendar & Rules Committee for 04/29/2008
  • 04/22/2008 - Recommended For Passage Referred to: Calendar & Rules Committee

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Bill Text
File name Last Updated
Amendment 1-0 to HB412704/10/2008
HB4127 Bill Text PDF02/04/2008

Fiscal Notes
File name Last Updated
SB4171 Fiscal Notes PDF02/16/2008