State of Illinois
92nd General Assembly
Legislation

   [ Search ]   [ PDF text ]   [ Legislation ]   
[ Home ]   [ Back ]   [ Bottom ]


[ Introduced ][ Engrossed ][ Enrolled ]


92_SB0888sam001

 










                                             LRB9204552JStmam

 1                    AMENDMENT TO SENATE BILL 888

 2        AMENDMENT NO.     .  Amend Senate Bill 888 on page  8  by
 3    replacing lines 22 through 30 with the following:
 4        "(e)  (Blank).  The  bonds and securities so pledged may,
 5    with the approval of the Director,  be  exchanged  for  other
 6    bonds  or  securities.   No  bond  or security may be sold or
 7    transferred by the Director except on order  of  the  circuit
 8    court  or as otherwise provided.  As long as the applicant or
 9    licensee pledging the bonds or securities remains solvent and
10    in good standing under this Act, it  shall  be  permitted  to
11    receive  from  the Director the interest and dividends on the
12    deposit."; and

13    on page 13, line 7, by changing "creditors" to "creditors, as
14    shown by the licensee's books and records,"; and

15    on page 16, line 16, by changing "determine" to  "terminate";
16    and

17    on   page   16,  line  28,  by  changing  "determination"  to
18    "termination"; and

19    on page 19,  line  25,  by  changing  "of  the"  to  "of  any
20    violation of this Act or rules by a license"; and

21    on page 19, line 26, by deleting "licensed operations"; and
 
                            -2-              LRB9204552JStmam
 1    on  page  21, line 11, by changing "creditors" to "creditors,
 2    as shown by the licensee's books and records,"; and

 3    on page 24, line 20, by changing "determine" to  "terminate";
 4    and

 5    on   page   24,  line  32,  by  changing  "determination"  to
 6    "termination".

[ Top ]