Amendment ASA1-AB871

LRBs0445/1

MDK:kjf:pg

2005 - 2006 LEGISLATURE

ASSEMBLY SUBSTITUTE AMENDMENT 1, TO 2005 ASSEMBLY BILL 871

January 13, 2006 - Offered by Representative Towns.

AB871-ASA1,1,2 An Act to amend 943.24 (4) of the statutes; relating to: postdated checks and checks given for past consideration.

The people of the state of Wisconsin, represented in senate and assembly, do enact as follows:

AB871-ASA1, s. 1 Section 1. 943.24 (4) of the statutes is amended to read:

AB871-ASA1,1,7 943.24 (4) This section does not apply to a postdated check or to a check given for a past consideration, except a payroll check given by the issuer of the check to a person licensed under s. 138.09 who agrees, for a fee, to hold the check for a period of time before negotiating or presenting the check for payment.

AB871-ASA1,1,8 (End)