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1996 SESSION

  • print version
(HB838)

AMENDMENTS PROPOSED BY THE HOUSE COMMITTEE ON CORPORATIONS, INSURANCE AND BANKING

    1. Page 2, introduced, line 19, after date

      strike

        the annual statement of interest paid on such deposit is returned to the banking or financial organization as undeliverable for two successive years

      insert

        of the second mailing of a statement of account or other notification or communication that was returned as undeliverable, or after the date the holder discontinued the mailings to the apparent owner, whichever is earlier

    2. Page 2, introduced, line 21, after such

      strike

        annual

    3. Page 2, introduced, line 21, after statement

      insert

        or other notification or mailing

    4. Page 2, introduced, line 22, after section.

      strike

        For the purposes of this section, " annual statement" means such statement that a banking or financial organization is required to send to its customers pursuant to federal tax laws.