LRBa2471/1
KSH&RAC:kmg:km
1995 - 1996 LEGISLATURE
SENATE AMENDMENT 1,
To 1995 SENATE BILL 293
November 1, 1995 - Offered by Senator Petak.
SB293-SA1,1,11 At the locations indicated, amend the bill as follows:
SB293-SA1,1,2 21. Page 1, line 2: delete "and leases" and substitute ", leases and profits".
SB293-SA1,1,3 32. Page 2, line 1: delete " and leases" and substitute ", leases and profits".
SB293-SA1,1,4 43. Page 2, line 3: delete "or leases, or both" and substitute ", leases or profits".
SB293-SA1,1,7 54. Page 2, line 22: after "(b)" insert: "Unless otherwise agreed upon in writing,
6the assignee may not exercise any right to collect rents or profits created under an
7assignment until the assignor is in default on the obligation to the assignee.".
SB293-SA1,1,8 85. Page 2, line 23: after "rents" insert "or profits".
SB293-SA1,1,9 96. Page 3, line 5: after that line insert:
SB293-SA1,1,12 10"(5) This section does not invalidate assignments of leases, rents or profits that
11were perfected by other means before the effective date of this subsection .... [revisor
12inserts date].".
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