HOUSE BILL 207

File Code: Estates and Trusts

Sponsored By:

Delegate Brown

Entitled:

Estates and Trusts - Lawful Investments - Corporate Fiduciary

Synopsis:

Authorizing a corporate fiduciary to invest in securities of, or interests in, a closed-end management type investment company or investment trust registered under the federal Investment Company Act of 1940 under specified circumstances.

History by Legislative Date

House Action

1/29

First Reading Judiciary

Hearing 2/6 at 1:00 p.m.

2/24

Favorable Report by Judiciary

2/25

Favorable Report Adopted

Second Reading Passed

2/27

Third Reading Passed (139-0)

4/1

Returned Passed

5/22

Governor vetoed - Duplicative

Senate Action

2/28

First Reading Judicial Proceedings

4/3

Favorable Report by Judicial Proceedings

4/2

Favorable Report Adopted

Second Reading Passed

4/3

Third Reading Passed (46-0)

Bill indexed under the following Subjects:

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

FIDUCIARIES

INVESTMENTS -see also- SECURITIES

Bill affects the following Statute:

Estates and Trusts

( 15-106 )

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 3, 2003: Third Reading Passed (46-0)