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House Journal: Page 1528: Wednesday, April 10, 1996

45     25.  Page 54, line 6, by striking the figure "(2)"
46   and inserting the following:  "b."
47     26.  Page 54, line 9, by striking the figure "(3)"
48   and inserting the following:  "c."
49     27.  Page 54, line 14, by striking the figure
50   "(4)" and inserting the following:  "d."

Page   3

 1     28.  Page 54, line 19, by striking the figure
 2   "(5)" and inserting the following:  "e."
 3     29.  Page 54, line 22, by striking the figure
 4   "(6)" and inserting the following:  "f."
 5     30.  Page 54, line 26, by striking the letter and
 6   word "f.  if" and inserting the following:  "6.  If"
 7     31.  Page 55, line 30, by striking the word
 8   "interest" and inserting the following: 
"interests".
 9     32.  Page 56, line 11, by striking the word "and"
10   and inserting the following:  "and".
11     33.  Page 57, line 16, by striking the word "a".
12     34.  Page 60, by inserting after line 10 the
13   following:
14     "Sec. ___.  Section 633.89, unnumbered paragraph 1,
15   Code 1995, is amended to read as follows:
16     A fiduciary as defined in section 633.3, subsection
17   17, holding securities, and a bank as defined in
18   section 524.103, subsection 7, which is holding
19   securities as a managing agent or as a custodian,
20   including a custodian for a fiduciary, may deposit
21   securities in a clearing corporation, as defined in
22   section 554.8102, subsection 3, which is located
23   within or without the state of Iowa, if the clearing
24   corporation is federally regulated.  A depositing bank
25   is subject to rules adopted by the superintendent of
26   banking, with respect to state banks, and by the
27   comptroller of the currency, with respect to national
28   banking associations."
29     35.  Page 60, by inserting after line 34 the
30   following:
31     "Sec. ___.  Sections 633.130 through 633.138, Code
32   1995, are repealed.
33     Sec. ___.  PREVAILING STATUTE.  If 1996 Iowa Acts,
34   Senate File 2270, or 1996 Iowa Acts, House File 2402,
35   is enacted, either of those Acts prevails over the
36   amendments to section 554.5114 in this Act."
37     36.  By renumbering as necessary.
Amendment H-5410 was adopted.
SENATE FILE 2368 SUBSTITUTED FOR HOUSE FILE 2475
Nutt of Woodbury asked and received unanimous consent to
substitute Senate File 2368 for House File 2475.

Iowa General Assembly

Index: House Journal (76th General Assembly: Session 2)

© 1996 Cornell College and League of Women Voters of Iowa

Comments? hjourn@legis.iowa.gov.

Last update: Thu Apr 11 13:30:03 CDT 1996
URL: /DOCS/GA/76GA/Session.2/HJournal/01500/01528.html
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