SB0951 (CH0838)

Find a 2017 Bill:

2017 Regular Session



Maryland Securities Act - Vulnerable Adults

Sponsored by:

Senator Smith


Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 838

Synopsis:Altering the Maryland Securities Act to regulate federal exempt broker-dealers; establishing the Securities Act Registration Fund to be used to administer and enforce the Act; altering the actions that are unlawful under the Maryland Securities Act; requiring specified individuals that believe that a specified adult is the subject of financial exploitation to notify the Commissioner within 5 days of developing a reasonable belief that financial exploitation exists or to provide immediate notification under specified circumstances; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Smith, Kelley, and Lee
Additional Facts:Cross-filed with: HB1149
Bill File Type: Regular
Effective Date(s): October 1, 2017
Judicial Proceedings  View Committee HearingEconomic Matters
Broad Subject(s):Business Regulation and Occupations
Corporations and Associations
Family Law
Narrow Subject(s):Agents and Brokers
Auditors and Audits
Civil Actions -see also- Small Claims
Dealers -see also- Motor Vehicle Dealers and Salesmen
Federal Government
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Financial Planners
Inspections -see also- Motor Vehicle Inspection
Investments -see also- Securities
Rules and Regulations
Statutes of Limitation
Vulnerable Adults -see also- Developmental Disabilities; Eld
Statutes:Article - Corporations and Associations
(11-101, 11-302, 11-401, 11-402, 11-405, 11-407, 11-411, 11-412, 11-418, 11-503.1, 11-506, 11-510.1, 11-601, 11-701.1, 11-702, 11-208, 11-306, 11-307)
Article - Family Law
(14-101, 14-201, 14-302, 14-309)

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Explanation of Floor Motions and Actions

November 28, 2017 1:13 P.M.