TO AMEND THE LAW CONCERNING LOANS INVOLVING THE STOCK OF A STATE BANK.
SB 242 is a technical amendment to existing law governing loans involving state bank stock. It changes the language from "A renewal" to "Each renewal" in the relevant statute to clarify that multiple loan renewals are permitted under the same terms. This minor adjustment affects how financial institutions interpret renewal procedures for these specific loans but does not change any substantive requirements or create new obligations. The bill was enacted as Act 344 on March 20, 2025.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
Mar 2025
Senate Passage
Mar 2025
House Passage
Mar 2025
Signed into Law
Mar 2025
Introduced Feb 17, 2025
Signed Mar 20, 2025
Maddy AI version diff · 1 comparison
What changed between versions
Act 344
→
SB 242
·
2 edits
MINOR
The bill text was reformatted from Act 344 to SB 242, with no substantive policy changes. The primary differences are formatting adjustments including line spacing, signature block formatting, and header information updates.
TECHNICAL
Formatting changes to signature block and header information between Act 344 and SB 242 versions
Line spacing adjustments throughout the document text
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
20
Key actions
8
Committee
4
Mar 20, 2025
Signed into law
Notification that SB242 is now Act 344
upper
Mar 17, 2025
Upper · Passed
Returned from the House as passed.
upper
Mar 17, 2025
Lower · Passed
Returned to the Senate as passed.
lower
Mar 17, 2025
Lower · Passed
Read the third time and passed and ordered transmitted to the Senate.
lower
Mar 12, 2025
Lower · Passed
Returned by the Committee Do Pass
lower
Mar 6, 2025
Upper · Passed
Read the third time and passed.
upper
Mar 4, 2025
Upper · Passed
Returned by the Committee with the recommendation that it Do Pass as amended, Amendment # 1
upper
Feb 24, 2025
Committee
Re-referred to INSURANCE & COMMERCE - SENATE
upper
Feb 20, 2025
Upper · Passed
Returned by the Committee, with the recommendation that it Do Pass
upper
Feb 17, 2025
Introduced
Filed
upper
2 primary · 0 co-sponsors
Sponsors
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