Banks and trust companies; share or deposit accounts; payable on death; effective date.
HB 2080 clarifies how "Payable on Death" (POD) accounts at Oklahoma credit unions distribute funds after an account owner's death. It specifies that funds go first to designated primary beneficiaries (individuals, trusts, or 501(c)(3) nonprofits), then to contingent beneficiaries if primary ones predecease the owner, and finally to the account owner's estate if no living beneficiaries exist. The bill requires credit unions to notify beneficiaries of a death, allows account owners to specify equal shares for multiple beneficiaries, and mandates that funds must be claimed within 60 days or become non-interest-bearing. This directly affects account owners, credit unions, and beneficiaries managing POD accounts in Oklahoma.
Bill status
signed
all 5 stages cleared
Introduction
Feb 2025
Committee Review
May 2025
House Passage
Mar 2025
Senate Passage
May 2025
Signed into Law
May 2025
Introduced Feb 3, 2025
Signed May 14, 2025
Maddy AI version diff · 4 comparisons
What changed between versions
Floor (House)
→
Floor (Senate)
·
3 edits
MINOR
The bill was reformatted from the House version to the Senate version, with minor text reorganization and formatting adjustments. The substantive policy content regarding payable-on-death accounts remains unchanged.
TECHNICAL
Header and title page formatting was updated to reflect Senate floor version instead of House floor version.
Section numbering and line breaks were adjusted to match Senate formatting standards.
Page footers and document metadata were updated to indicate Senate Floor Version (SFLR) instead of House Floor Version (HFLR).
Floor votes · Senate May 6, 2025 · House Mar 25, 2025
How they voted
46–0
Passed · 3 other
Total votes 49
May 6, 2025
D
Democratic9
100% Yea
R
Republican40
92% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
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
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