Rep. Dan Brady
Filed: 3/1/2011
 
 

 

 

 
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1
AMENDMENT TO HOUSE BILL 229 




2    AMENDMENT NO. ______. Amend House Bill 229 as follows:


 
3on page 10, by replacing line 17 through line 23 with the 
4following: 
5"purchaser a statement containing: (1) the account value of the 
6trust as of the date of the statement the receipts, 
7disbursements, and inventory of the trust, including an 
8explanation of the any fees or expenses charged by the trustee 
9under Section 5 of this Act or otherwise, (2) an explanation of 
10the purchaser's right to  a refund, if any, under this Act, and 
11(2) (3) identifying the primary regulator of the trust as a 
12corporate fiduciary under state or federal law."; and
 
13on page 20, line 11, by deleting "or"; and 
 
14on page 20,  by replacing line 14 through line 15 with the 
15following:
 
 
09700HB0229ham001- 2 -LRB097 02678 CEL 51560 a

1    "Corporation; or
2        (4) with a corporate fiduciary as defined in Section 
3    1-5.05 of the Corporate Fiduciary Act.".