Amendment No. 743

 

Senate Amendment to Assembly Bill No. 166  First Reprint                                                  (BDR 3‑231)

Proposed by: Committee on Judiciary

Amendment Box:

Resolves Conflicts with: N/A

Amends:         Summary:               Title:               Preamble:               Joint Sponsorship:

 

ASSEMBLY ACTION              Initial and Date              |SENATE ACTION                        Initial and Date

       Adopted       Lost                                               |          Adopted       Lost                                           

Concurred In                     Not                                                        |Concurred In  Not                                 

       Receded        Not                                               |         Receded        Not                                           

 

     Amend section 1, page 1, line 5, after “if” by inserting:

“the transfer is”.

     Amend section 1, page 2, by deleting line 10 and inserting:

“structured settlement was filed; or”.

     Amend section 1, page 3, by deleting lines 10 and 11 and inserting:

     “(h) If adverse tax consequences exist, a statement which informs the payee that such a transfer may subject him to adverse tax consequences with regard to the payment of”.

     Amend section 1, page 4, line 2, after “encumbrance” by inserting:

“by a payee for consideration”.