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ArizonaSB 1206Fifty-seventh Legislature - First Regular SessionSenate

special deposits; banks; requirements; definitions

Sponsored By: Shawnna Bolick (2)

Passed

account agreementaccount agreement amendmentamendmentbanksbanks and financial institutions - title 6beneficiarychoice of lawcivil remediesconstructioncreditor processdefinitionsdepositordischargedischarge of obligationduties and liabilityduty to beneficiaryenforceabilityexcuse of liabilityforuminjunctionmaterial fraudpaymentpayment to beneficiarypermissible purposepermissible purpose dutiespermissible purpose objectivesprinciples of law and equityproperty interestproperty interestsrecoupmentrecoupment or setoffrequirementsrequirements for special depositsscopesetoffseverabilityshort title (h)similar reliefspecial accountspecial depositspecial deposit terminationspecial depositsstrike everything amendmenttermterminationtransitional provisionuniform special deposits actuniformity of applicationvariation by agreementwhen creditor process enforceable against bank

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Shawnna Bolick

    2 • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 103 • No: 2

Senate vote • 4/15/2025

THIRD: Passed

Yes: 52 • No: 0

Senate vote • 4/1/2025

C&P

Yes: 7 • No: 0

Senate vote • 3/11/2025

DP

Yes: 8 • No: 2

Senate vote • 2/26/2025

THIRD: Passed

Yes: 29 • No: 0

Senate vote • 2/10/2025

DPA/SE

Yes: 7 • No: 0

Actions Timeline

  1. Third Reading: Passed

    4/15/2025Senate

  2. Committee of the Whole: do pass

    4/9/2025Senate

  3. undefined: C&P

    4/1/2025Senate

  4. undefined: DP

    3/11/2025Senate

  5. Third Reading: Passed

    2/26/2025Senate

  6. Committee of the Whole: do pass amended

    2/25/2025Senate

  7. undefined: PFC

    2/17/2025Senate

  8. undefined: DPA/SE

    2/10/2025Senate

Bill Text

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