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.".