HOUSE BILL 201

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)