MD HB328 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2021 - 25% progression, died in chamber
Action: 2021-03-03 - Withdrawn by Sponsor
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 13 2021 - 25% progression, died in chamber
Action: 2021-03-03 - Withdrawn by Sponsor
Text: Latest bill text (Introduced) [PDF]
Summary
Requiring the holder of presumed abandoned property valued at $5,000 or more to send certain written notice to the apparent owner by certified mail, return receipt requested, rather than by first-class mail; requiring the holder of abandoned property valued at $5,000 or more to keep records relating to that property for at least 3 years; requiring that certain records be sufficient to allow a person who is able to recover the abandoned property to establish a tax basis; etc.
Title
Financial Institutions - Abandoned Property - Notice and Records
Sponsors
| Del. Ken Kerr [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-03-03 | House | Withdrawn by Sponsor |
| 2020-12-29 | House | Hearing 1/20 at 1:30 p.m. |
| 2021-01-13 | House | First Reading Economic Matters |
| 2020-09-15 | House | Pre-filed |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Commercial Law | 17 | 308.2 | (n/a) | See Bill Text |
| Commercial Law | 17 | 310 | (n/a) | See Bill Text |
| Commercial Law | 17 | 312 | (n/a) | See Bill Text |
