5791-S2 AMS BENT GORR 427

2SSB 5791 - S AMD 243

By Senator Benton

    On page 5, line 13, after "(a)", strike "No" and insert "Except upon a showing of the failure to meet fiduciary responsibilities, no"

    On page 5, line 17, after "(b)" strike "The" and insert "Except upon a showing of the failure to meet fiduciary responsibilities, the"

EFFECT:  Limits the states exemption from liability when the state fails to meet its fiduciary responsibility.  This is the same standard as applied to financial services companies. 

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