AN ACT CONCERNING THE PRIORITY OF CLAIMS TO FINANCIAL ASSETS OF SECURITIES INTERMEDIARIES.
To eliminate a statutory provision setting forth that a claim of a creditor of a securities intermediary who has a security interest in a financial asset held by a securities intermediary has priority over claims of the securities intermediary's entitlement holders who have security entitlements with respect to that financial asset if the creditor has control over the financial asset.
Introduced by:
Banking Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| Committee Bill [doc] | |
| Proposed Bill [doc] |
| Committee Actions | |
| BA Vote Tally Sheet (Vote to Draft) |
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Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 2/20/2025 | Public Hearing 02/27 | ||
| 2/19/2025 | Referred to Joint Committee on Banking | ||
| 2/18/2025 | Drafted by Committee | ||
| 2/4/2025 | (BA) | Vote to Draft | |
| 1/22/2025 | Referred to Joint Committee on Banking |
Co-sponsors of HB-5849
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