HOUSE BILL 1088

File Code: Commercial Law - Generally

Sponsored By:

Delegates Cardin and Zirkin

Entitled:

Commercial Law - Disposition of Collateral - Motor Vehicles

Synopsis:

Authorizing a secured party to dispose of a motor vehicle at a public auction in another state if, after default, the secured party first attempts to dispose of the motor vehicle at a public auction in this State and the secured party does not receive a reasonable offer to purchase the motor vehicle at the public auction in this State.

History by Legislative Date

House Action

2/13

First Reading Economic Matters

2/25

Hearing 3/16 at 1:00 p.m.

3/9

Hearing cancelled

3/22

Withdrawn

Senate Action

No Action

Sponsored by:

Delegate Jon S. Cardin, District 11

Delegate Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

AUCTIONS

INTERSTATE AFFAIRS

MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.

SECURITY INTERESTS -see also- LIENS; MECHANICS' LIENS

Bill affects the following Statute:

Commercial Law

( 9-610 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Not available at this time

Amendments: None offered