1-1 By: A. Smith of Harris (Senate Sponsor - Shelley) H.B. No. 2194
1-2 (In the Senate - Received from the House April 26, 1993;
1-3 April 27, 1993, read first time and referred to Committee on
1-4 Economic Development; May 13, 1993, reported favorably by the
1-5 following vote: Yeas 8, Nays 1; May 13, 1993, sent to printer.)
1-6 COMMITTEE VOTE
1-7 Yea Nay PNV Absent
1-8 Parker x
1-9 Lucio x
1-10 Ellis x
1-11 Haley x
1-12 Harris of Dallas x
1-13 Harris of Tarrant x
1-14 Leedom x
1-15 Madla x
1-16 Rosson x
1-17 Shapiro x
1-18 Wentworth x
1-19 A BILL TO BE ENTITLED
1-20 AN ACT
1-21 relating to the board of directors of a bank owned or controlled by
1-22 an out-of-state bank holding company.
1-23 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
1-24 SECTION 1. Section 2, Article 4, Chapter IV, The Texas
1-25 Banking Code (Article 342-404, Vernon's Texas Civil Statutes), is
1-26 amended to read as follows:
1-27 Sec. 2. If the bank is owned or controlled, directly or
1-28 indirectly, by an out-of-state bank holding company, directors who
1-29 are employees or officers or spouses of employees or officers of
1-30 the <bank or> out-of-state bank holding company, or an affiliate of
1-31 the <bank or> out-of-state bank holding company, other than the
1-32 bank, shall not be counted as residents of the State of Texas for
1-33 the purpose of Section 1 of this article. For the purposes of this
1-34 section, "affiliate" means a person or entity, other than the bank,
1-35 that directly, or indirectly through one or more intermediaries,
1-36 controls, is controlled by, or is under common control with the
1-37 <bank or> out-of-state bank holding company.
1-38 SECTION 2. This Act takes effect September 1, 1993.
1-39 SECTION 3. The importance of this legislation and the
1-40 crowded condition of the calendars in both houses create an
1-41 emergency and an imperative public necessity that the
1-42 constitutional rule requiring bills to be read on three several
1-43 days in each house be suspended, and this rule is hereby suspended.
1-44 * * * * *
1-45 Austin,
1-46 Texas
1-47 May 13, 1993
1-48 Hon. Bob Bullock
1-49 President of the Senate
1-50 Sir:
1-51 We, your Committee on Economic Development to which was referred
1-52 H.B. No. 2194, have had the same under consideration, and I am
1-53 instructed to report it back to the Senate with the recommendation
1-54 that it do pass and be printed.
1-55 Parker,
1-56 Chairman
1-57 * * * * *
1-58 WITNESSES
1-59 FOR AGAINST ON
1-60 ___________________________________________________________________
1-61 Name: Rob Norcross x
1-62 Representing: Texas Bankers Association
1-63 City: Austin
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