Proposed S.B. No. 1077
Session Year 2025
 


AN ACT AUTHORIZING THE BANKING COMMISSIONER TO GRANT CERTIFICATES TO ESTABLISH LIMITED PURPOSE TRUST COMPANIES.

To (1) allow for the establishment of limited purpose trust companies that conduct only trust and fiduciary business, and (2) exempt such companies from certain banking regulations.

Introduced by:
Sen. Paul Honig, 8th Dist.

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Bill History

 Date Action Taken
 1/22/2025Referred to Joint Committee on Public Safety and Security

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