§ 1532 Industrial Bank Account Renamed

• •The account's name is officially changed.
• •The change takes effect on January 1, 2012.
• •All references to the old name must be updated to the new name.

A state financial agency updates its records to refer to the 'Industrial Bank Account' instead of the 'Industrial Loan Account' on all official documents.

The agency simply replaces the old name with the new name everywhere it lists the account, so any references to the old name are now called the new name.