FINAN REG-CONVENIENCE ACCOUNTS Senate SponsorsSen. Carole Pankau-Jacqueline Y. Collins House Sponsors(Rep. Dennis M. Reboletti) 8/4/2009SenatePublic Act . . . . . . . . . 96-0123 New ActCreates the Banking Convenience Account for Depositors Act. Provides that a banking organization shall permit a depositor to open a convenience account for the purposes of permitting a convenience depositor to make deposits into that account. Provides that the convenience account shall be in the name of a depositor and the convenience depositor and in form to be paid or delivered to either for the convenience of the depositor. Contains provisions concerning the right of survivorship and gift status in relation to deposits made to a convenience account. Specifies the rights of depositors and convenience depositors. Contains provisions concerning the duties, obligations, and liabilities of banking organizations with respect to convenience accounts.Senate Floor Amendment No. 2 Makes a technical change.Senate Floor Amendment No. 3 Provides that a banking organization may (rather than shall) permit a depositor to open a convenience account for the purposes of permitting a convenience depositor to make deposits into that account. Provides that the Act is repealed 5 years after its effective date. 2/4/2009SenateFiled with Secretary by Sen. Pamela J. Althoff 2/4/2009SenateFirst Reading 2/4/2009SenateReferred to Assignments 2/4/2009SenateChief Sponsor Changed to Sen. Carole Pankau 2/10/2009SenateAssigned to Financial Institutions 2/26/2009SenateSenate Committee Amendment No. 1 Filed with Secretary by Sen. Carole Pankau 2/26/2009SenateSenate Committee Amendment No. 1 Referred to Assignments 2/27/2009SenateDo Pass Financial Institutions; 011-000-000 2/27/2009SenatePlaced on Calendar Order of 2nd Reading March 4, 2009 3/4/2009SenateSenate Floor Amendment No. 2 Filed with Secretary by Sen. Carole Pankau 3/4/2009SenateSenate Floor Amendment No. 2 Referred to Assignments 3/4/2009SenateSenate Floor Amendment No. 3 Filed with Secretary by Sen. Carole Pankau 3/4/2009SenateSenate Floor Amendment No. 3 Referred to Assignments 3/18/2009SenateSenate Floor Amendment No. 2 Assignments Refers to Financial Institutions 3/18/2009SenateSenate Floor Amendment No. 3 Assignments Refers to Financial Institutions 3/30/2009SenateSecond Reading 3/30/2009SenatePlaced on Calendar Order of 3rd Reading March 31, 2009 3/31/2009SenateSenate Floor Amendment No. 2 Recommend Do Adopt Financial Institutions; 007-000-000 3/31/2009SenateSenate Floor Amendment No. 3 Recommend Do Adopt Financial Institutions; 007-000-000 4/2/2009SenateAdded as Chief Co-Sponsor Sen. Jacqueline Y. Collins 4/2/2009SenateRecalled to Second Reading 4/2/2009SenateSenate Floor Amendment No. 2 Adopted; Pankau 4/2/2009SenateSenate Floor Amendment No. 3 Adopted; Pankau 4/2/2009SenatePlaced on Calendar Order of 3rd Reading 4/2/2009SenateThird Reading - Passed; 055-000-001 4/2/2009SenateSenate Committee Amendment No. 1 Tabled Pursuant to Rule 5-4(a) 4/2/2009HouseArrived in House 4/2/2009HousePlaced on Calendar Order of First Reading 4/2/2009HouseChief House Sponsor Rep. Dennis M. Reboletti 4/2/2009HouseFirst Reading 4/2/2009HouseReferred to Rules Committee 4/14/2009HouseAssigned to Financial Institutions Committee 5/5/2009HouseDo Pass / Short Debate Financial Institutions Committee; 023-000-000 5/5/2009HousePlaced on Calendar 2nd Reading - Short Debate 5/6/2009HouseSecond Reading - Short Debate 5/6/2009HousePlaced on Calendar Order of 3rd Reading - Short Debate 5/7/2009HouseThird Reading - Short Debate - Passed 115-000-001 5/7/2009SenatePassed Both Houses 6/5/2009SenateSent to the Governor 8/4/2009SenateGovernor Approved 8/4/2009SenateEffective Date January 1, 2010 8/4/2009SenatePublic Act . . . . . . . . . 96-0123