Reference is to Printer's Date 3/13/18-S.
Amend the bill, as and if amended, SECTION 1, page 36, by striking lines 10-23 and inserting:
/ Section 33-33-300.
(A) If, before July 1,
2018, an interest in property was by terms of a transfer
purportedly transferred to an unincorporated nonprofit
association but under the law of this State the interest did not
vest in the association, or in one or more persons on behalf of
the association under subsection (B), on July 1, 2018, the
interest vests in the association, unless the parties to the
transfer have treated the transfer as ineffective.
(B) If, before July 1,
2018, an interest in property was by terms of a transfer
purportedly transferred to an unincorporated nonprofit
association but the interest was vested in one or more persons
to hold the interest for members of the association, on or after
July 1, 2018, the persons, or their successors in interest, may
transfer the interest to the association in its name, or the
association may require that the interest be transferred to it
in its name. /
Amend the bill further, by striking SECTION 4 and inserting:
/ SECTION 4. This act takes effect July 1, 2018. /
Renumber sections to conform.
Amend title to conform.