Text: S03285 Text: S03287 Text: S03200 - S03299 Text: S Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Amend Senate File 397 as follows:
1 2 #1. Page 1, by striking lines 3 through 13 and
1 3 inserting the following:
1 4 "NEW SUBSECTION. 4A. For purposes of subsection
1 5 3, both of the following apply:
1 6 a. A bank that has been chartered solely for the
1 7 purpose of, and does not open for business prior to
1 8 acquiring control of, or acquiring all or
1 9 substantially all of the assets of, one or more
1 10 branches owned and operated on January 1, 1997, by a
1 11 savings association, as defined in 12 U.S.C. } 1813,
1 12 which association is an affiliate of the bank, is
1 13 deemed to have been in continuous existence and
1 14 operation as a bank for the combined periods of
1 15 continuous existence and operation of the bank and the
1 16 savings association from which the branch or branches
1 17 were acquired.
1 18 b. An office of a united community bank which was
1 19 formerly a branch of a state savings association or
1 20 federal savings association, as defined in 12 U.S.C.
1 21 } 1813, which was acquired by the united community
1 22 bank through an acquisition as defined in the united
1 23 community bank through an acquisition as defined in 12
1 24 U.S.C. } 1823(k) is deemed to be a united community
1 25 bank office which was formerly the principal place of
1 26 business of a bank referred to in subsection 3,
1 27 paragraph "b"."
1 28
1 29
1 30
1 31 DONALD B. REDFERN
1 32 MICHAEL E. GRONSTAL
1 33 JoANN DOUGLAS
1 34 PATRICK J. DELUHERY
1 35 SF 397.201 77
1 36 mj/jj/28
Text: S03285 Text: S03287 Text: S03200 - S03299 Text: S Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: Senate Bills and Amendments (77th General Assembly)
© 1997 Cornell College and League of Women Voters of Iowa
Comments about this site or page? webmaster@legis.iowa.gov. Please remember that the person listed above does not vote on bills. Direct all comments concerning legislation to State Legislators.
Last update: Tue Apr 1 03:42:50 CST 1997
URL: /DOCS/GA/77GA/Legislation/S/03200/S03286/970331.html
jhf