Senate Amendment 3131


PAG LIN




     1  1    Amend Senate File 535 as follows:
     1  2 #1.  By striking page 2, line 15, through page 4,
     1  3 line 5, and inserting the following:
     1  4    <554.1105  TERRITORIAL APPLICABILITY == PARTIES'
     1  5 POWER TO CHOOSE APPLICABLE LAW.
     1  6    1.  Except as otherwise provided in this section,
     1  7 when a transaction bears a reasonable relation to this
     1  8 state and also to another state or nation the parties
     1  9 may agree that the law either of this state or of such
     1 10 other state or nation shall govern their rights and
     1 11 duties.
     1 12    2.  In the absence of an agreement effective under
     1 13 subsection 1, and except as provided in subsection 3,
     1 14 this chapter applies to transactions bearing an
     1 15 appropriate relation to this state.
     1 16    3.  If one of the following provisions of this
     1 17 chapter specifies the applicable law, that provision
     1 18 governs and a contrary agreement is effective only to
     1 19 the extent permitted by the law so specified:
     1 20    a.  Section 554.2402;
     1 21    b.  Section 554.4102;
     1 22    c.  Section 554.5116;
     1 23    d.  Section 554.8110;
     1 24    e.  Sections 554.9301 through 554.9307;
     1 25    f.  Section 554.12507;
     1 26    g.  Sections 554.13105 and 554.13106.>
     1 27 #2.  Page 19, line 24, by striking the figures and
     1 28 word <5, and 6,> and inserting the following:  <and
     1 29 5,>.
     1 30 #3.  Page 20, line 34, by striking the word
     1 31 <agreement> and inserting the following:
     1 32 <agreement,>.
     1 33 #4.  Page 30, line 23, by striking the word
     1 34 <evidence> and inserting the following:  <evidenced>.
     1 35 #5.  Page 33, line 12, by striking the word
     1 36 <followings> and inserting the following:
     1 37 <following>.
     1 38
     1 39
     1 40                               
     1 41 KEITH A. KREIMAN
     1 42 SF 535.702 82
     1 43 da/gg/7038
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