Text: HF00256 Text: HF00258 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 633.156, Code 1995, is amended to read 1 2 as follows: 1 3 633.156 DEPOSITS BY CORPORATE FIDUCIARIES. 1 4 Section 633.155 shall not be construed to prohibit a 1 5 corporate fiduciary from making a deposit of estate funds in 1 6 its own banking department or in the banking department of an 1 7 affiliated bank. For purposes of this section, "affiliated 1 8 bank" means any bank that controls, directly or indirectly, 1 9 the fiduciary or is controlled, directly or indirectly, by an 1 10 entity which also controls, directly or indirectly, the 1 11 fiduciary. 1 12 EXPLANATION 1 13 This bill provides that a corporate fiduciary may deposit 1 14 estate funds in a bank which is affiliated with the corporate 1 15 fiduciary. Currently, the fiduciary may only deposit funds in 1 16 its own banking department or that of an independent bank. 1 17 LSB 1823HV 76 1 18 mk/sc/14
Text: HF00256 Text: HF00258 Text: HF00200 - HF00299 Text: HF Index Bills and Amendments: General Index Bill History: General Index
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