2003 Regular Session

HOUSE BILL 201

CHAPTER NUMBER: 36 File Code: Commercial Law - Generally
Sponsored By:
Chairman, Economic Matters Committee (By Request - Departmental - Comptroller)
Entitled:
Commercial Law - Disposition of Abandoned Property - Notice Requirement of Holder

Synopsis:

Requiring all holders of property subject to the abandoned property law to provide written notice by first-class mail to owners not more than 120 days or less than 30 days before the filing of the report required by { 17-310 of the Commercial Law Article; and clarifying that the notice requirement applies to banking or financial organizations or business associations holding specified abandoned property.

History by Legislative Date

House Action
1/29
First Reading Economic Matters
1/31
Hearing 2/12 at 1:00 p.m.
2/24
Favorable Report by Economic Matters
2/25
Favorable Report Adopted
Second Reading Passed
2/27
Third Reading Passed (139-0)
3/31
Returned Passed
4/8
Signed by the Governor Chapter 36
Senate Action
2/28
First Reading Finance
3/12
Hearing 3/25 at 1:00 p.m.
4/2
Favorable Report by Finance
3/31
Favorable Report Adopted
Second Reading Passed
4/1
Third Reading Passed (46-0)
Sponsored by:
Chairman, Econ. Matters Comm.
Departmental
Bill indexed under the following Subjects:
ABANDONED PROPERTY
BANKS AND TRUST COMPANIES
FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.
NOTICES
PERSONAL PROPERTY
POSTAL SERVICE
Bill affects the following Statutes:
Commercial Law
( 17-301 , 17-308.2 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
February 27, 2003: Third Reading Passed (139-0)
Senate
April 1, 2003: Third Reading Passed (46-0)