MD HB487 | 2024 | Regular Session
Note: Carry Over of previous HB1276
Status
Spectrum: Moderate Partisan Bill (Republican 8-1)
Status: Introduced on January 22 2024 - 25% progression
Action: 2024-01-29 - Hearing 2/06 at 1:00 p.m.
Pending: House Economic Matters Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 22 2024 - 25% progression
Action: 2024-01-29 - Hearing 2/06 at 1:00 p.m.
Pending: House Economic Matters Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Providing that certain unclaimed money held by an electric cooperative and due to a past member is not considered abandoned property; and authorizing an electric cooperative to use this money only to assist members of the cooperative or donate to nonprofit, charitable organizations.
Title
Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-29 | House | Hearing 2/06 at 1:00 p.m. |
| 2024-01-22 | House | First Reading Economic Matters |
Same As/Similar To
HB1276 (Carry Over) 2023-02-24 - First Reading House Rules and Executive Nominations
SB510 (Crossfiled) 2024-03-08 - Referred Economic Matters
SB510 (Crossfiled) 2024-03-08 - Referred Economic Matters
Subjects
Abandoned Property
Associations
Banks and Trust Companies
Cooperative Associations
Corporations
Corporations and Associations
Credit
Gifts
Nonprofit Organizations
Time
Utilities
Utility Regulation
Associations
Banks and Trust Companies
Cooperative Associations
Corporations
Corporations and Associations
Credit
Gifts
Nonprofit Organizations
Time
Utilities
Utility Regulation
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Corporations and Associations | 5 | 601 | (n/a) | See Bill Text |
| Corporations and Associations | 5 | 605 | (n/a) | See Bill Text |
| Corporations and Associations | 5 | 650.1 | (n/a) | See Bill Text |
| Commercial Law | 17 | 304 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0487?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0487f.pdf |
