l9n/ Oregon

2007 Regular Session

Senate Bill 734

Permits institution or Oregon stock savings bank to issue stock to directors, officers or employees of institution or Oregon stock savings bank without requiring full payment for stock before issuance.

Became law as Chapter 348, Oregon Laws 2007, signed June 11, 2007, 103 days after it was filed. In force from January 1, 2008.

What it does

The synopsis the Legislative Assembly published with the bill.

Permits institution or Oregon stock savings bank to issue stock to directors, officers or employees of institution or Oregon stock savings bank without requiring full payment for stock before issuance. Permits institution or Oregon stock savings bank to accept cash, real property and improvements to real property, tangible personal property, other securities of institution or Oregon stock savings bank, or services as consideration for stock issued. Requires affirmative <i>two-thirds</i>] vote of approval by holders of <b>two-thirds of</b> outstanding shares entitled to vote at annual shareholders' meeting or special shareholders' meeting and approval of Director of Department of Consumer and Business Services to accept services as consideration for stock issued.

Sponsors

Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.

In the Senate

    1 co-sponsor

    SJUD

    Its course

    February 28 to June 22, 2007, on one scale. In the top row each mark is a day something happened; taller marks are busier days.

    Each committee stop sits inside its chamber.

    Every action26 actions on 25 days

    In the SenateFeb 28 to Apr 940 days

    Waiting for a committeeFeb 28 to Mar 77 days

    Business, Transportation and Workforce DevelopmentMar 7 to Apr 327 days

    In the House of RepresentativesApr 9 to May 2546 days

    Waiting for a committeeApr 9 to Apr 178 days

    Business and LaborApr 17 to May 1124 days

    With the GovernorMay 25 to Jun 1117 days

    Votes

    Yeas to nays, as the Legislative Assembly recorded them. Committee votes are set in.

    • Senate, third reading28–1

      Passed · Apr 9 · 1 present

    • House of Representatives, third reading52–0

      Passed · May 25 · 8 present

    Amendments

    Each amendment offered, and what became of it.

    • Senate committee amendmentAdopted

      Adopted Apr 3

    Text

    Each version as the Legislative Assembly printed it.

    l9n doesn't hold this bill's text yet.

    What happened

    In l9n's words, one line for each step. Every action as the Legislative Assembly published it is below.

    In the Senate Feb 28 – Apr 9

    1. Feb 28Introduced
    2. Mar 7Sent to Business, Transportation and Workforce Development
    3. Mar 19Heard in Business, Transportation and Workforce Development
    4. Mar 26Heard in Business, Transportation and Workforce Development
    5. Apr 3Business, Transportation and Workforce Development recommended it as amended
    6. Apr 4Read a second time
    7. Apr 9Passed the Senate, 28 to 1

    In the House of Representatives Apr 10 – May 25

    1. Apr 10Arrived in the House of Representatives
    2. Apr 17Sent to Business and Labor
    3. May 7Heard in Business and Labor
    4. May 11Business and Labor recommended it
    5. May 14Read a second time
    6. May 25Passed the House of Representatives, 52 to 0

    To the Governor Jun 1 – Jun 22

    1. Jun 1Signed in the Senate
    2. Jun 4Signed in the House of Representatives
    3. Jun 11Signed by the Governor
    4. Jun 22Became chapter 348 of Oregon Laws 2007
    5. In force from January 1, 2008
    All 26 actions, as published
    1. Feb 28Introduction and first reading. Referred to President's desk.Senate
    2. Mar 7Referred to Business, Transportation and Workforce Development.Senate
    3. Mar 19Public Hearing held.Senate
    4. Mar 26Work Session held.Senate
    5. Apr 3Recommendation: Do pass with amendments. (Printed A-Eng.)Senate
    6. Apr 4Second reading.Senate
    7. Apr 9Third reading. Carried by Metsger. Passed.Senate
    8. Apr 10First reading. Referred to Speaker's desk.House of Representatives
    9. Apr 17Referred to Business and Labor.House of Representatives
    10. May 7Public Hearing and Work Session held.House of Representatives
    11. May 11Recommendation: Do pass.House of Representatives
    12. May 14Second reading.House of Representatives
    13. May 15Rules suspended. Carried over to May 16, 2007 Calendar.House of Representatives
    14. May 16Rules suspended. Carried over to May 17, 2007 Calendar.House of Representatives
    15. May 17Rules suspended. Carried over to May 18, 2007 Calendar.House of Representatives
    16. May 18Rules suspended. Carried over to May 21, 2007 Calendar.House of Representatives
    17. May 21Rules suspended. Carried over to May 22, 2007 Calendar.House of Representatives
    18. May 22Rules suspended. Carried over to May 23, 2007 Calendar.House of Representatives
    19. May 23Rules suspended. Carried over to May 24, 2007 Calendar.House of Representatives
    20. May 24Rules suspended. Carried over to May 25, 2007 Calendar.House of Representatives
    21. May 25Third reading. Carried by Esquivel. Passed.House of Representatives
    22. Jun 1President signed.Senate
    23. Jun 4Speaker signed.House of Representatives
    24. Jun 11Governor signed.Senate
    25. Jun 22Chapter 348, 2007 Laws.Senate
    26. Jun 22Effective date, January 1, 2008.Senate