HOUSE AMENDMENT
Bill No. HB 521 Barcode 305617
Amendment No. 01 (for drafter's use only)
CHAMBER ACTION
Senate House
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5 ORIGINAL STAMP BELOW
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11 The Committee on Banking offered the following:
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13 Amendment (with title amendment)
14 On page 15, between lines 26 and 27,
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17 Section 15. Paragraph (c) of subsection (5) of section
18 654.48, Florida Statutes, is amended to read:
19 658.48 Loans.--A state bank may make loans and
20 extensions of credit, with or without security, subject to the
21 following limitations and provisions:
22 (c) No loan shall be made by a bank:
23 1. On the security of the shares of its own capital
24 stock, of stock of its own one-bank holding company, or of its
25 obligations subordinate to deposits.
26 2. On an unsecured basis for the purpose of the
27 purchase of shares of its own capital stock, stock of its own
28 one-bank holding company, or its obligations subordinate to
29 deposits.
30 3. On a secured or unsecured basis for the purpose of
31 the purchase of shares of the stock of its one-bank holding
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File original & 9 copies 03/07/01
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HOUSE AMENDMENT
Bill No. HB 521 Barcode 305617
Amendment No. 01 (for drafter's use only)
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7 And the title is amended as follows:
8 On page 1, line 30, after the semicolon,
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10 insert:
11 amending 654.48, F.S.; revising limitations on
12 loans;
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File original & 9 copies 03/07/01
hfs0003 03:50 pm 00521-ba -305617