HB4837 S B&I AMT #1 2-12

Casey  7988

The Committee on Banking and Insurance moved to amend the bill by striking out the title and substituting therefor a new title, to read as follows:

Eng. Com. Sub. for House Bill 4837—A Bill to amend and reenact §31A-4-35 of the Code of West Virginia, 1931, as amended; and to amend and reenact §46-3-118 of said code, all relating to duties of banks to retain records and limiting liability; providing uniformity between statute of limitations, presumption of abandonment, and duty of banks to retain records; limiting liability of banks based on the destruction of records as permitted by law; providing a presumption of payment by the bank on demand, savings, or time deposits; and modifying statute of limitations on notes, certificates of deposit, and drafts.

Adopted

Rejected