HB2193 HFA Shott and Fast 1-22 #1

Fisher 3258

Delegates Shott and Fast moves to amend the committee substitute on page 4, section 2a, line 12, after the word “shall” by inserting the following: “, upon satisfaction by the administrator of the requirements of §36-8-2a(c) through (e), inclusive,”.

            On page 4, section 2a, line 16, after the word “Virginia” by striking through the remainder of the sentence and inserting the following in lieu thereof: “, subject only to the provisions of §36-8-15 and §36-8-16 of this code.”

            On page 5, section 2a, line 18, after the word “filed” by striking out the words “in accordance with the provisions of §36-8-2a(g)” and inserting in lieu thereof the words “pursuant to the provisions of §36-8-15 and §36-8-16”.

            On page 5, section 2a, line 19, after the word “bonds” by striking out the words “the administrator may commence a civil action” and inserting in lieu thereof the words “but before such savings bonds escheat to the State of West Virginia, a civil action must be commenced by the administrator”.

            On page 5, section 2a, line 25, before the word “If” by inserting the following: “Any person claiming ownership, including all persons claiming rights, powers and privileges of survivorship and any co-owner or beneficiary, or his or her agent, may appear and defend his or her rights to the subject bond or bonds, and if the Court is satisfied that the claimant is entitled to the bonds, may award judgment in the claimant’s favor.”

            On page 5, section 2a, line 28, after the word “bonds” by striking out the words “, including bonds in the possession of the administrator and those lost, stolen or destroyed bonds registered to persons with last known addresses in the state,”

            On page 5, section 2a, line 33, after the word “Virginia” by changing the period to a comma and inserting the words “subject only to the provisions of §36-8-15 and §36-8-16 of this code.”

            On page 5, section 2a, line 34, before the word “administrator” by striking out the word “The” and inserting in lieu thereof the words “Upon being awarded a judgment that the United States savings bond or bonds have escheated to the State of West Virginia, the”

            On page 5, section 2a, line 39, after the word “code” by inserting a period and striking out the remainder of the sentence.

            And,

            On page 5, section 2a, line 41, by striking out all of subsection (g).

Adopted

Rejected