HB 2080 Oklahoma House · 2025 Regular Session

Banks and trust companies; share or deposit accounts; payable on death; effective date.

House Bill 2080 updates the rules for "Payable on Death" (P.O.D.) share and deposit accounts, affecting account owners at credit unions and their designated beneficiaries. The bill clarifies how account funds are distributed if a beneficiary dies before the account owner. It specifies that if the sole primary beneficiary is deceased, funds will generally go to their estate, unless the account owner has designated contingent beneficiaries. The bill also outlines how contingent beneficiaries can be named when there is a single primary beneficiary, and how shares are divided among surviving beneficiaries or paid to contingent beneficiaries.
Bill status passed both 4 of 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
House Passage
Mar 2025
Senate Passage
May 2025
Governor
Introduced Feb 3, 2025 Last action May 14, 2025
Maddy AI version diff · 4 comparisons

What changed between versions

Floor (House) Floor (Senate) · 3 edits
MINOR
The bill was revised from the House version to the Senate version, primarily changing the document header and formatting. The substantive policy language regarding payable-on-death accounts for credit unions remains largely the same, though the Senate version includes minor formatting adjustments and clarifies that the bill applies specifically to credit unions rather than all financial institutions.
Scope change
The bill's scope remains focused on share and deposit accounts payable on death in credit unions; no substantive change to applicability.
TECHNICAL

Document header changed from 'HOUSE OF REPRESENTATIVES' to 'SENATE FLOOR VERSION' with updated session and date information.

Page numbering and formatting were adjusted to reflect Senate floor version conventions, including bold face notation for committee amendments.

DEFINITION

Minor wording adjustments in the statutory text, such as changing 'any credit union' to 'any credit union' and clarifying beneficiary designation language.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history

Actions timeline

Total actions
23
Key actions
7
Committee
6
May 6, 2025
Committee
Referred for enrollment
lower
May 6, 2025
Upper · Passed
Engrossed measure signed, returned to House
upper
May 6, 2025
Upper · Passed
Measure passed: Ayes: 44 Nays: 0
upper
Apr 8, 2025
Upper · Passed
Reported Do Pass Judiciary committee; CR filed
upper
Mar 26, 2025
Introduced
First Reading
upper
Mar 26, 2025
Lower · Passed
Engrossed, signed, to Senate
lower
Mar 25, 2025
Committee
Referred for engrossment
lower
Mar 25, 2025
Lower · Passed
Third Reading, Measure passed: Ayes: 87 Nays: 0
lower
Mar 4, 2025
Lower · Passed
CR; Do Pass Government Oversight Committee
lower
Feb 12, 2025
Lower · Passed
Policy recommendation to the Government Oversight committee; Do Pass Banking, Financial Services and Pensions
lower
Feb 4, 2025
Committee
Referred to Banking, Financial Services and Pensions
lower
Feb 3, 2025
Introduced
First Reading
lower
2 primary · 0 co-sponsors

Sponsors