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90_HB2210ham001
LRB9004658SMdvam02
1 AMENDMENT TO HOUSE BILL 2210
2 AMENDMENT NO. . Amend House Bill 2210 on page 13, by
3 replacing line 30 with the following:
4 "(h)(1) Records pertaining to presumptively abandoned";
5 and
6 on page 14, by replacing lines 2 through 18 with the
7 following:
8 "retained until the property is delivered to the Director.
9 As of January 1, 1998, this subdivision (h)(1) shall not
10 be applicable unless the Department has commenced, but not
11 finalized, an examination of the holder as of that date and
12 the property is included in a final examination report for
13 the period covered by the examination. The preceding sentence
14 does not apply to records pertaining to presumptively
15 abandoned property held by an affiliate of a trust division,
16 trust department, or trust company that is a bank, other than
17 those functions of a bank limited to providing nondealer
18 corporate custodial services for securities or securities
19 transactions.
20 (2) In the case of all other holders commencing on the
21 effective date of this amendatory Act of 1993, property
22 records for the period required for presumptive abandonment
23 plus the 9 years immediately preceding the beginning of that
-2- LRB9004658SMdvam02
1 period shall be retained for 5 years after the property was
2 reportable.".