SB 714, Sen 2nd Rdg, Amnd #F1

Amend SB 714 (senate committee printing) as follows:

(1) In SECTION 2 of the bill, strike amended Section 113.053(d), Estates Code, and added Section 113.053(e), Estates Code (page 3, lines 55-64), and substitute the following:

(d) If a type of multiple-party account is not available from a financial institution, the financial institution is not required to make a disclosure about that type of account.

(e) This section does not apply to:

(1) a credit union; or

(2) an account that is opened or modified by a customer who:

(A) is a legal entity, including a governmental entity; or

(B) is acting as a legal representative for another person.

(2) Strike SECTION 3 of the bill (page 3, line 65) and renumber subsequent SECTIONS of the bill appropriately.