HB5047ham001 100TH GENERAL ASSEMBLY

Rep. Emanuel Chris Welch

Filed: 4/18/2018

10000HB5047ham001 LRB100 18696 JLS 38751 a

AMENDMENT TO HOUSE BILL 5047

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

"(1) in the case of funds in an account maintained by the holder, the distribution or release occurs prior to the date the holder imposes a prompt administrative freeze of the account after the holder's registered agent for service of process has first received actual written notice that a complaint has been filed challenging the transfer instrument, which notice must include a copy of the complaint; or

(2) in the case of any other property, the distribution or release occurs prior to the date the holder's registered agent for service of process receives actual written notice that a complaint has been filed challenging the transfer instrument, which notice must include a copy of the complaint with sufficient time for the holder to act upon the notice.".