LRBa2705/1
ARG:wlj:jf
2011 - 2012 LEGISLATURE
SENATE AMENDMENT 1,
TO 2011 SENATE BILL 475
March 6, 2012 - Offered by Senator Grothman.
SB475-SA1,1,11 At the locations indicated, amend the bill as follows:
SB475-SA1,1,2 21. Page 3, line 6: after that line insert:
SB475-SA1,1,3 3" Section 2m. 214.725 (4) of the statutes is amended to read:
SB475-SA1,1,104 214.725 (4) If a savings bank, its savings bank holding company or any of its
5savings bank subsidiaries or service corporations has not been audited at least once
6in the 12 months before the examination date under sub. (1) (a), notwithstanding
7sub. (1) (b), the division shall may order an audit of the entity's books and records to
8be made by an independent certified public accountant, selected by the division, who
9has experience in financial institution audits. The cost of the audit shall be paid for
10by the entity being audited.".
Loading...
Loading...