Senate Amendment 5121


PAG LIN




     1  1    Amend Senate File 2302 as follows:
     1  2 #1.  Page 1, by inserting before line 1 the
     1  3 following:
     1  4    <Sec.    .  Section 535B.2, subsection 1, Code
     1  5 2007, is amended to read as follows:
     1  6    1.  A bank, bank holding company, savings bank,
     1  7 savings and loan association, or credit union
     1  8 organized under the laws of this state, another state,
     1  9 or the United States, or a subsidiary or affiliate of
     1 10 such a bank, bank holding company, savings bank,
     1 11 savings and loan association, or credit union.
     1 12 Additionally, a bank, bank holding company, savings
     1 13 bank, savings and loan association, or credit union
     1 14 organized under the laws of this state, another state,
     1 15 or the United States, or a subsidiary or affiliate of
     1 16 such a bank, bank holding company, savings bank,
     1 17 savings and loan association, or credit union shall be
     1 18 subject to the duty of agency provisions of section
     1 19 535B.18.>
     1 20 #2.  Title page, line 2, by inserting after the
     1 21 word <brokers> the following:  <, specifying that an
     1 22 exemption otherwise applicable for specified banks,
     1 23 credit unions, and related entities or organizations
     1 24 shall not apply,>.
     1 25 #3.  By renumbering as necessary.
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     1 28                               
     1 29 DICK L. DEARDEN
     1 30 SF 2302.502 82
     1 31 rn/nh/20718
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