Text: S03135 Text: S03137 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Amend Senate File 375 as follows: 1 2 #1. Page 1, by inserting before line 1 the follow- 1 3 ing: 1 4 "Section 1. Section 556.1, Code 1995, is amended 1 5 by adding the following new subsection: 1 6 NEW SUBSECTION. 5A. "Money order" includes an 1 7 express money order and a personal money order, on 1 8 which the remitter is the purchaser. "Money order" 1 9 does not include a bank money order or any other 1 10 instrument sold by a banking or financial organization 1 11 if the seller has obtained the name and address of the 1 12 payee. 1 13 Sec. 2. Section 556.2, subsection 4, Code 1995, is 1 14 amended to read as follows: 1 15 4. Any sum payable on checks certified in this 1 16 state or on written instruments issued in this state 1 17 on which a banking or financial organization or 1 18 business association is directly liable, including, by 1 19 way of illustration but not of limitation, 1 20 certificates of deposit, drafts, money orders, and 1 21 traveler's checks and money orders, that, with the 1 22 exception of traveler's checks, has been outstanding 1 23 for more than three years from the date it was 1 24 payable, or from the date of its issuance if payable 1 25 on demand, or, in the case of traveler's checks, that 1 26 has been outstanding for more than fifteen years from 1 27 the date ofitsissuance, or, in the case of money 1 28 orders, that has been outstanding for more than seven 1 29 years from the date of issuance, unless the owner has 1 30 within three years, or within fifteen years in the 1 31 case of traveler's checks or seven years in the case 1 32 of money orders, corresponded in writing with the 1 33 banking or financial organization or business 1 34 association concerned, or otherwise indicated an 1 35 interest as evidenced by a memorandum on file with the 1 36 banking or financial organization or business 1 37 association. The memorandum shall be dated and may 1 38 have been prepared by the banking or financial 1 39 organization or business association, in which case it 1 40 shall be signed by an officer of the banking or 1 41 financial organization, or a member of the business 1 42 association, or it may have been prepared by the 1 43 owner." 1 44 #2. By renumbering as necessary. 1 45 1 46 1 47 1 48 MICHAEL E. GRONSTAL 1 49 SF 375.501 76 1 50 ec/jw
Text: S03135 Text: S03137 Text: S03100 - S03199 Text: S Index Bills and Amendments: General Index Bill History: General Index
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