Amendment No. 422

 

Assembly Amendment to Assembly Bill No. 389                                                              (BDR 56‑1099)

Proposed by: Committee on Commerce and Labor

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 3, by deleting “A” and inserting:

“Except as otherwise provided in subsection 2, a”.

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

     “2.  The provisions of subsection 1 do not apply to:

     (a) A person who, on or before December 31, 2002, filed with the Commissioner a request for authority to engage in business pursuant to this chapter;

     (b) A person who, on or before December 31, 2002, controlled a thrift company licensed pursuant to this chapter; or

     (c) A natural person.

     3.  This section does not exempt a person who seeks to acquire control of a thrift company, and is qualified to do so pursuant to this section, from any provision of this chapter.

     4.  For the purposes of this section:”.

     Amend section 1, page 2, line 2, by deleting “and”.

     Amend section 1, page 2, line 3, after “(3)” by inserting:

“The application for authority to engage in business pursuant to this chapter; and

          (4)”.