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92_HB4357sam001 LRB9212373JSpram01 1 AMENDMENT TO HOUSE BILL 4357 2 AMENDMENT NO.___. Amend House Bill 4357 on page 3 by 3 replacing line 11 with the following: 4 "asset ratio falls below 2%. In calculating the danger of 5 insolvency ratio, secondary capital shall be excluded. For 6 purposes of Section 61, a credit union is also in "danger of 7 insolvency" if the Department is unable to"; and 8 on page 7 by replacing lines 4, 5, and 6 with the following: 9 "union organization in which a credit union loans, invests, 10 or delegates substantially all managerial duties and 11 responsibilities when he determines that such examinations"; 12 and 13 on page 9, line 13, by replacing "order;" with "order; to the 14 appropriate law enforcement authorities when the Director or 15 the credit union reasonably believes the credit union, which 16 the Director has caused to be examined, has been a victim of 17 a crime;"; and 18 on page 16, line 17, by deleting "and benefits"; and 19 on page 18 by replacing lines 13 through 17 with the 20 following: -2- LRB9212373JSpram01 1 "operations of the credit union, provided that prior approval 2 is received from the Department beforebecoming involved with3a credit union organization by loaning to, investing in, or4 delegating substantially all managerial duties and 5 responsibilities to asuchcredit union organization,;and 6 fix".