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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".