Bill

Time Limit for Bank to be in Receivership

SB No. 12-18

Proposed by:

Honorable Rukebai Kikuo Inabo

Co-Authored by:

Honorable Andrew Tabelual,
Honorable Ann Latii Pedro,
Honorable Kazuiki L. “Topps” Sungino,
Honorable Mason N. Whipps,
Honorable Stevenson J. Kuartei

To amend Title 26 to set a time limit a bank may be in receivership, to provide for a sunset provision for banks currently in receivership, and for other related purposes.

Progress of the Legislation

No further information available.

Assigned to Committee

Committee on Banking, Insurance, and Financial Matters

Download Original Version

Introduced to the Legsislature: 11 March 2026.

This is a copy of the bill that was first introduced to the legislature. In any case of dispute, the authoratitive copy of the legislation shall always be considered to be the copy that is held by the records office of the OEK.