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 1 44 1 45 1 46 1 47 1 48 1 49 1 50 -1-