Assembly

Record of Committee Proceedings

Committee on Financial Institutions

Assembly Bill 715

Relating to: foreign corporations conducting business as a fiduciary in this state.

By Representatives Jarchow, Stafsholt, Petersen, Kooyenga and Fields; cosponsored by Senators Craig and Feyen.

December 05, 2017     Referred to Committee on Financial Institutions

January 31, 2018         Public Hearing Held

Present:       (15)      Representative Katsma; Representatives Jarchow, Allen, Sanfelippo, Petryk, Weatherston, Murphy, Petersen, Kitchens, Doyle, Young, Bowen, Meyers, Fields and Zamarripa.

Absent:       (0)        None.

Excused:     (1)        Representative Stafsholt.

Appearances For

·      Rep. Adam Jarchow - 28th Assembly District

·      Sen. David Craig - 28th Senate District

·      Chris Foregger - Capital First Trust Company

·      William Schlinkert - Capital First Trust Company

·      Mike Wittenwyler - Capital First Trust Company

Appearances Against

·      None.

Appearances for Information Only

·      None.

Registrations For

·      None.

Registrations Against

·      None.

Registrations for Information Only

·      None.

February 14, 2018       Executive Session Held

Present:       (14)      Representative Katsma; Representatives Allen, Sanfelippo, Stafsholt, Petryk, Murphy, Petersen, Kitchens, Doyle, Young, Bowen, Meyers, Fields and Zamarripa.

Absent:       (0)        None.

Excused:     (2)        Representatives Jarchow and Weatherston.

Moved by Representative Petersen, seconded by Representative Stafsholt that Assembly Bill 715 be recommended for passage.

Ayes:     (14)   Representative Katsma; Representatives Allen, Sanfelippo, Stafsholt, Petryk, Murphy, Petersen, Kitchens, Doyle, Young, Bowen, Meyers, Fields and Zamarripa.

Noes:     (0)     None.

PASSAGE RECOMMENDED, Ayes 14, Noes 0

______________________________

Nick Krueger

Committee Clerk