Text: H08034                            Text: H08036
Text: H08000 - H08099                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

House Amendment 8035

Amendment Text

PAG LIN
  1  1    Amend House File 2208 as follows:
  1  2    #1.  Page 1, by striking lines 3 through 21 and
  1  3 inserting the following:
  1  4    "8.  A state bank may receive deposits from one or
  1  5 more persons with the provision that upon the death of
  1  6 the depositors the deposit account shall be the
  1  7 property of the person or persons designated by the
  1  8 deceased depositors as shown on the deposit account
  1  9 records of the state bank.  The account is subject to
  1 10 the debts of the deceased depositors and the payment
  1 11 of Iowa inheritance tax provided, that upon the
  1 12 expiration of six months after the date of death of
  1 13 the deceased depositors, the receipt or acquittance of
  1 14 the persons designated is a valid and sufficient
  1 15 release and discharge of the state bank for the
  1 16 delivery of any part or all of the account  After
  1 17 payment by the state bank, the proceeds shall remain
  1 18 subject to the debts of the decedent and the payment
  1 19 of Iowa inheritance tax, if any.  A state bank paying
  1 20 the person or persons designated shall not be liable
  1 21 as a result of that action for any debts of the
  1 22 decedent or for any estate, inheritance, or succession
  1 23 taxes which may be due this state." 
  1 24 
  1 25 
  1 26                               
  1 27 KETTERING of Sac
  1 28 HF 2208.202 79
  1 29 jj/sh
     

Text: H08034                            Text: H08036
Text: H08000 - H08099                   Text: H Index
Bills and Amendments: General Index     Bill History: General Index

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