Amendment AA4-AB111

LRBa0280/1

PJD:kmg:pg

2001 - 2002 LEGISLATURE

ASSEMBLY AMENDMENT 4, TO 2001 ASSEMBLY BILL 111

March 20, 2001 - Offered by Committee on Financial Institutions.

AB111-AA4,1,1 At the locations indicated, amend the bill as follows:

AB111-AA4,1,2 1. Page 46, line 17: delete lines 17 and 18 and substitute:

AB111-AA4,1,3 "(5) Application of payment. If the extent to which a".

AB111-AA4,1,4 2. Page 47, line 7: delete lines 7 and 8 and substitute:

AB111-AA4,1,6 "(6) No loss of status of purchase-money security interest. A purchase-money security interest does not lose its status as such, even".

AB111-AA4,1,7 3. Page 47, line 17: delete lines 17 and 18 and substitute:

AB111-AA4,1,8 "(7) Burden of proof. A secured party claiming a".

AB111-AA4,1,9 4. Page 47, line 21: delete lines 21 to 24.

AB111-AA4,1,10 5. Page 48, line 1: delete lines 1 and 2.

AB111-AA4,1,11 6. Page 149, line 3: after that line insert:

AB111-AA4,2,2 "(1m) No fee for filing termination statement. There is no fee for the filing of a termination statement.".

AB111-AA4,2,3 7. Page 179, line 1: delete ", (4), and (6)" and substitute "and (4)".

AB111-AA4,2,4 8. Page 179, line 21: delete lines 21 to 25.

AB111-AA4,2,5 9. Page 180, line 1: delete lines 1 to 14.

AB111-AA4,2,6 (End)