General and Special Laws of The State of Texas Passed By The Third Called Session of the Fifty-Seventh Legislature and the Regular Session of the Fifty-Eighth Legislature Page: 55
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FIDUCIARY SECURITY TRANSFERS
request of Senate; April 1, 1963, Senate adopted Conference Report:
Yeas 30, Nays 0; passed the House, March 28, 1963, with amend-
ments, by the following vote: Yeas 144, Nays 0; April 1, 1963, House
granted request of Senate for appointment of Conference Committee;
April 1, 1963, House adopted Conference Report: Yeas 145, Nays 0.
Approved April 1, 1963.
Effective April 1, 1963.
FIDUCIARY SECURITY TRANSFERS
CHAPTER 37
H. B. No. 115
An Act amending Section 3a of Senate Bill No. 148, Chapter 358, page 784, Acts
of the Fifty-sixth Legislature, 1959, Regular Session, the Uniform Act for
Fiduciary Security Transfers, providing that signatures on the transfer of
securities coming within the terms of this Act shall be guaranteed by an
officer of certain banks; and declaring an emergency.
Be it enacted by the Legislature of the State of Texas:
Section 1. Section 3a of Senate Bill No. 148, Chapter 358, page 784,
Acts of the Fifty-sixth Legislature, 1959, Regular Session, is hereby
amended 36 to read as follows:
"Sec. 3a. The signature on the transfer of any security coming within
the terms of this Act shall be guaranteed by an officer of a bank which is a
member of the Federal Reserve System or an officer of any banking cor-
poration organized and existing under the laws of the State of Texas, as
defined in Acts, 1943, Forty-eighth Legislature, page 128, Chapter 97, Sub-
chapter I, Article 2 (Chapter I, Title 16, of the Civil Statutes of the State
of Texas)."
Sec. 2. The fact that the present law is inadequate discriminates
against State-chartered banks regarding fiduciary and necessitates that
the Constitutional Rule requiring bills to be read on three several days
in each House be suspended, and said Rule is hereby suspended, and this
Act shall be effective upon passage, and it is so enacted.
Passed the House, February 20, 1963, by a non-record vote; passed the
Senate, March 20, 1963, by a viva-voce vote.
Approved April 2, 1962.
Effective 90 days after date of adjournment.
36. Vernon's Ann.Civ.St. art. 582-1, 3 3a.55
Ch. 37"
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Texas. Legislature. General and Special Laws of The State of Texas Passed By The Third Called Session of the Fifty-Seventh Legislature and the Regular Session of the Fifty-Eighth Legislature, legislative document, 1963; [Austin, Texas]. (https://texashistory.unt.edu/ark:/67531/metapth221759/m1/391/?q=+date%3A1945-1972: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting UNT Libraries Government Documents Department.