Amendment SA1-AB325

LRBa0830/1

JK:amn

2021 - 2022 LEGISLATURE

SENATE AMENDMENT 1, TO ASSEMBLY BILL 325

October 1, 2021 - Offered by Senator Petrowski.

AB325-SA1,1,1 At the locations indicated, amend the bill as follows:

AB325-SA1,1,2 1. Page 26, line 17: delete lines 17 to 19 and substitute:

AB325-SA1,1,4 “(e) Any of the following activities concerning property or an account held at a financial organization:

AB325-SA1,1,6 1. A deposit into or withdrawal from an account previously authorized by the apparent owner, other than an automatic reinvestment of dividends or interest.

AB325-SA1,1,10 2. A deposit into or withdrawal from any other account the apparent owner has with the financial organization if the mailing address for the apparent owner in the financial organization's books and records is the same for both the inactive account and the active account.

AB325-SA1,2,2 3. A payment by the apparent owner on any amount due on a loan with the financial organization if the mailing address for the apparent owner in the financial organization's books and records is the same for both the inactive account and the loan account.

AB325-SA1,2,5 4. Communication in writing from the apparent owner to the financial organization about an account or another relationship with the financial organization.

AB325-SA1,2,10 5. Any correspondence in writing from the financial organization to the apparent owner, such as the mailing of a statement, report of interest paid or credited, or other written advice relating to a deposit, if the correspondence is not returned to the financial organization for nondelivery and if the financial organization maintains a record of all such returned correspondence.”.

AB325-SA1,2,11 (End)