- Title
- Financial Institutions - Abandoned Property - Notice and Records
- Sponsored by
- Delegate Kerr
- Status
- In the House - Hearing 1/20 at 1:30 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
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.
Committees
- Original:
- Economic Matters Click to view Recorded Media
Details
Bill File Type: Pre-Filed
Effective Date(s): October 1, 2021
History
Toggle History Dropdown
File Code
Toggle Filecode Dropdown
Subjects
Toggle Subjects Dropdown
Statutes
Last Updated: 1/29/2021 12:44 PM