Rep. Emanuel Chris Welch
Filed: 4/18/2018
 
 

 

 

 
10000HB5047ham001LRB100 18696 JLS 38751 a



1
AMENDMENT TO HOUSE BILL 5047




2    AMENDMENT NO. ______. Amend House Bill 5047 on page 3, by 
3replacing lines 5 through 15 with the following:


4        "(1) in the case of funds in an account maintained by 
5    the holder, the distribution or release occurs prior to the 
6    date the holder imposes a prompt administrative freeze of 
7    the account after the holder's registered agent for service 
8    of process has first received actual written notice that a 
9    complaint has been filed challenging the transfer 
10    instrument, which notice must include a copy of the 
11    complaint; or
12        (2) in the case of any other property, the distribution 
13    or release occurs prior to the date the holder's registered 
14    agent for service of process receives actual written notice 
15    that a complaint has been filed challenging the transfer 
16    instrument, which notice must include a copy of the 
17    complaint with sufficient time for the holder to act upon 
18    the notice.".