1199A

On page 1, line 13, of the Introduced bill, remove the overstrikes from " securities intermediary's"

On page 1, line 13, of the Introduced bill, after "intermediary's" delete " entitlement holder's"

On page 1, line 13, of the Introduced bill, remove the overstrikes from ", as specified in subsection (e),"

On page 1, line 14, of the Introduced bill, remove the overstrikes from the colon

On page 1, line 15, of the Introduced bill, remove the overstrikes from "(1) Acquisition of a security entitlement from the securities intermediary;"

On page 1, line 16, of the Introduced bill, remove the overstrikes from "(2) The rights and duties of the securities intermediary and entitlement holder arising out of a security entitlement;"

On page 1, line 18, of the Introduced bill, remove the overstrikes from "(3) Whether the securities intermediary owes any duties to an adverse claimant to a security entitlement; and"

On page 1, line 20, of the Introduced bill, remove the overstrikes from "(4) Whether an adverse claim can be asserted against a person who acquires a security entitlement from the securities intermediary or a person who purchases a security entitlement or interest therein from an entitlement holder"

On page 2, line 6, of the Introduced bill, remove the overstrikes from "(e) The following rules determine a "securities intermediary's jurisdiction" for purposes of this section:"

On page 2, line 8, of the Introduced bill, remove the overstrikes from "(1) If an agreement between the securities intermediary and its entitlement holder governing the securities account expressly provides that a particular jurisdiction is the securities intermediary's jurisdiction for purposes of this part, this article, or this chapter, that jurisdiction is the securities intermediary's jurisdiction."

On page 2, line 12, of the Introduced bill, remove the overstrikes from "(2) If paragraph (1) does not apply and an agreement between the securities intermediary and its entitlement holder governing the securities account expressly provides that the agreement is governed by the law of a particular jurisdiction, that jurisdiction is the securities intermediary's jurisdiction."

On page 2, line 16, of the Introduced bill, remove the overstrikes from "(3) If neither paragraph (1) nor paragraph (2) applies and an agreement between the securities intermediary and its entitlement holder governing the securities account expressly provides that the securities account is maintained at an office in a particular jurisdiction, that jurisdiction is the securities intermediary's jurisdiction."

On page 2, line 20, of the Introduced bill, remove the overstrikes from "(4) If none of the preceding paragraphs applies, the securities intermediary's jurisdiction is the jurisdiction in which the office identified in an account statement as the office serving the entitlement holder's account is located."

On page 2, line 23, of the Introduced bill, remove the overstrikes from "(5) If none of the preceding paragraphs applies, the securities intermediary's jurisdiction is the jurisdiction in which the chief executive office of the securities intermediary is located."

On page 2, line 26, of the Introduced bill, remove the overstrikes from "(f) A securities intermediary's jurisdiction is not determined by the physical location of certificates representing financial assets, or by the jurisdiction in which is organized the issuer of the financial asset with respect to which an entitlement holder has a security entitlement, or by the location of facilities for data processing or other record keeping concerning the account."