SENATE BILL 550

Sponsored By:

Senator Stone

Entitled:

Estates and Trusts - Transfers to Minors - Joint Custodians

Synopsis:

Authorizing a specified joint custodianship of property under the Maryland Uniform Transfers to Minors Act; providing that each joint custodian has full power and authority to act alone under specified circumstances; and providing that a joint custodian may serve as a sole custodian under specified circumstances.

History by Legislative Date

Senate Action

2/3

First Reading Judicial Proceedings

2/8

Hearing 2/14 at 1:00 p.m.

2/20

Favorable Report by Judicial Proceedings

2/21

Favorable Report Adopted

Second Reading Passed

2/23

Third Reading Passed (47-0)

4/8

Returned Passed

House Action

2/24

First Reading Judiciary

3/22

Hearing 3/28 at 1:00 p.m.

4/6

Favorable Report by Judiciary

4/3

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (139-0)

Action after passage in Senate and House

5/16

Signed by the Governor Chapter 435

Bill indexed under the following Subjects:

ESTATES AND TRUSTS

MINORS -see also- AGE OF MAJORITY; YOUTH

PERSONAL PROPERTY

REAL PROPERTY

UNIFORM LAWS

Bill affects the following Statute:

Estates and Trusts

( 13-310 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

February 23, 2006: Third Reading Passed (47-0)

House

April 6, 2006: Third Reading Passed (139-0)