HB16-1049
Crowdfunding Escrow In Depository Institution
| Type | Bill |
|---|---|
| Session | 2016 Regular Session |
| Subjects |
Concerning an escrow account held by a depository institution on behalf of an issuer of an intrastate offering of securities.
Bill Summary:
The act amends the 'Colorado Crowdfunding Act', enacted in 2015, by:
- Using the defined term 'depository institution' to describe the entity that an issuer must use to set up an escrow account to hold the proceeds of a sale of intrastate securities; and
- Allowing the issuer to terminate the escrow account once the minimum amount of proceeds from the sale of the securities have been deposited into the account.
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Related Documents & Information
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 16-1049 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 5-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 16-1049 to the Committee of the Whole. | The motion passed on a vote of 11-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 02/24/2016 | Third Reading | BILL |
35
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 01/26/2016 | Third Reading | BILL |
65
AYE
0
NO
0
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 03/09/2016 | Governor | Governor Signed |
| 03/01/2016 | Governor | Sent to the Governor |
| 03/01/2016 | Senate | Signed by the President of the Senate |
| 02/29/2016 | House | Signed by the Speaker of the House |
| 02/24/2016 | Senate | Senate Third Reading Passed - No Amendments |
| 02/23/2016 | Senate | Senate Second Reading Passed - No Amendments |
| 02/18/2016 | Senate | Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 02/01/2016 | Senate | Introduced In Senate - Assigned to Finance |
| 01/26/2016 | House | House Third Reading Passed - No Amendments |
| 01/25/2016 | House | House Second Reading Passed - No Amendments |
| 01/20/2016 | House | House Committee on Finance Refer Unamended to House Committee of the Whole |
| 01/13/2016 | House | Introduced In House - Assigned to Finance |
Prime Sponsor
Sponsor
(None)
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 03/09/2016 | 3 | Crowdfunding Escrow In Depository Institutions |