2006 House Bill 6299 ↩

Senate Roll Call 850: Passed

To clarify what constitutes a "reasonable fee" in the law that regulates trusts established by a bank. The bill would establish that if the fee is disclosed in advance, there is a rebuttable presumption that it is reasonable. Also, to eliminate a prohibition on a bank using the money or property over which it exercises investment discretion to purchase any product, service, or security from or through the bank or an affiliate or the bank, and establish conditions under which this would be allowed.