HARRY HUGHES, Governor

151

Also, the present reference to "{a}n insured
institution as defined in § 401 of the National
Housing Act" is deleted as unnecessary since such
an institution would be included under one or
another of the other institutions described in
this subsection.

(C)   FINANCIAL RECORD.

"FINANCIAL RECORD" MEANS THE ORIGINAL OR ANY COPY OR

RECORD OF:

(1)        A DOCUMENT THAT GRANTS SIGNATURE AUTHORITY
OVER A DEPOSIT OR SHARE ACCOUNT;

(2)       A STATEMENT, LEDGER CARD, OR OTHER RECORD OF
A DEPOSIT OR SHARE ACCOUNT THAT SHOWS TRANSACTIONS IN OR
WITH RESPECT TO THAT DEPOSIT OR ACCOUNT;

(3)       A CHECK, CLEAR DRAFT, OR MONEY ORDER THAT IS
DRAWN ON A FIDUCIARY INSTITUTION OR ISSUED AND PAYABLE BY OR
THROUGH A FIDUCIARY INSTITUTION; OR

(4)       ANY ITEM, OTHER THAN AN INSTITUTIONAL OR
PERIODIC CHARGE, THAT IS MADE UNDER AN AGREEMENT BETWEEN A
FIDUCIARY INSTITUTION AND ANOTHER PERSON AND THAT
CONSTITUTES A DEBIT OR A CREDIT TO THAT PERSON'S DEPOSIT OR
SHARE ACCOUNT.

REVISOR'S NOTE: This subsection presently appears as
Art. 11, § 224(a)(2).

In item (2) of this subsection, the term
"transactions" is substituted for "each

transaction" to avoid the argument that a record
would be excluded from the scope of this subtitle
simply because it fails to include one or more
transactions.

In item (3) of this subsection, the words "or
through" are added for clarity.

In items (3) and (4) of this subsection,   the

defined term "fiduciary institution" is

substituted for the references to an
"institution".

In item (4) of this subsection, the present
concluding phrase "if the item is not included in
{item (3) of this subsection}" is deleted as
unnecessary.

The only other changes are in style.

(D)   SUPERVISORY AGENCY.

"SUPERVISORY AGENCY" MEANS: