Amendment SA1-SB278

LRBa2974/1

KSH:skg:jlb

1995 - 1996 LEGISLATURE

SENATE AMENDMENT 1, To 1995 SENATE BILL 278

December 27, 1995 - Offered by Committee on Education and Financial Institutions.

SB278-SA1,1,1 At the locations indicated, amend the bill as follows:

SB278-SA1,1,2 1. Page 1, line 8: after that line insert:

SB278-SA1,1,4 " Section 2. 214.035 (3) of the statutes, as created by 1995 Wisconsin Act .... (this act), is amended to read:

SB278-SA1,1,9 214.035 (3) Notwithstanding sub. (1), a federally chartered financial institution that converts to a savings bank may use a name that does not include the term "savings" in its name if the financial institution did not use the term "savings" in its name on May 7, 1992, and its name is approved by the commissioner division as appropriate to identify the converted institution as a savings bank.

SB278-SA1, s. 3 Section 3. Effective date.

SB278-SA1,1,12 (1) The amendment of section 214.035 (3) of the statutes takes effect on July 1, 1996, or on the day after publication, whichever is later.".

SB278-SA1,1,13 (End)