Bill Text - HB364 (2005)

Establishing a committee to study adopting the uniform securities act.


Revision: Jan. 21, 2010, midnight

HB 364 – AS INTRODUCED

2005 SESSION

05-0769

06/04

HOUSE BILL 364

AN ACT establishing a committee to study adopting the uniform securities act.

SPONSORS: Rep. D. Eaton, Ches 2

COMMITTEE: Commerce

ANALYSIS

This bill establishes a committee to study adopting the uniform securities act.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

05-0769

06/04

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Five

AN ACT establishing a committee to study adopting the uniform securities act.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Committee Established. There is established a committee to study adopting the uniform securities act for New Hampshire.

2 Membership and Compensation.

I. The members of the committee shall be as follows:

(a) Three members of the house of representatives, appointed by the speaker of the house of representatives.

(b) Three members of the senate, appointed by the president of the senate.

II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.

3 Duties. The committee shall study adopting the uniform securities act for New Hampshire and resolve any policy questions that may arise from integrating it into current law.

4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named house member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Four members of the committee shall constitute a quorum.

5 Report. The committee shall report its findings and any recommendations for proposed legislation to the speaker of the house of representatives, the president of the senate, the house clerk, the senate clerk, the governor, and the state library on or before November 1, 2005.

6 Effective Date. This act shall take effect upon its passage.