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PRIOR PRINTER'S NO. 452
PRINTER'S NO. 617
THE GENERAL ASSEMBLY OF PENNSYLVANIA
SENATE BILL
No.
432
Session of
2021
INTRODUCED BY LAUGHLIN, STEFANO, J. WARD AND BAKER,
MARCH 18, 2021
SENATOR DiSANTO, BANKING AND INSURANCE, IN SENATE, AS AMENDED,
APRIL 19, 2021
AN ACT
Amending the act of May 15, 1933 (P.L.565, No.111), entitled "An
act relating to the powers and duties of the Department of
Banking and Securities and the Secretary of Banking and
Securities in exercising supervision over, and taking
possession of and conducting or liquidating the business and
property of, corporations, associations, and persons
receiving deposits or otherwise transacting a banking
business, corporations acting as fiduciaries, and building
and loan associations; providing for the payment of the
expenses of the Department of Banking by supervised
corporations, associations, or persons, and appropriating the
Banking Department Fund; authorizing the Department of
Banking, under certain circumstances, to examine
corporations, associations, or persons affiliated, or having
business transactions with supervised corporations,
associations or persons; authorizing appeals to the Supreme
Court, and prescribing and limiting the powers and duties of
certain other courts and their prothonotaries, registers of
wills, recorders of deeds, and certain State departments,
commissions, and officers; authorizing certain local public
officers and State departments to collect fees for services
rendered under this act; regulating securities; providing
penalties; and repealing certain acts and parts of acts," in
banking and securities, further providing for fund.
The General Assembly of the Commonwealth of Pennsylvania
hereby enacts as follows:
Section 1. Section 1113-A of the act of May 15, 1933
(P.L.565, No.111), known as the Department of Banking and
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