MD SB956 | 2023 | Regular Session
Note: Carry Foward to future SB510
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 27 2023 - 25% progression, died in chamber
Action: 2023-03-27 - Withdrawn by Sponsor
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 27 2023 - 25% progression, died in chamber
Action: 2023-03-27 - Withdrawn by Sponsor
Text: Latest bill text (Introduced) [PDF]
Summary
Providing that certain unclaimed money held by a cooperative and due to a past member is not considered abandoned property; authorizing a cooperative to use this money only to assist members or to donate to charitable organizations; requiring money not expended within 3 years to be considered abandoned property; etc.
Title
Corporations and Associations - Cooperatives - Nonescheat Capital Credits
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2023-03-27 | Senate | Withdrawn by Sponsor |
| 2023-03-21 | Senate | Hearing canceled |
| 2023-03-16 | Senate | Hearing 3/21 at 1:00 p.m. |
| 2023-03-14 | Senate | Rereferred to Judicial Proceedings |
| 2023-02-27 | Senate | First Reading Senate Rules |
Same As/Similar To
SB956 (Carry Over) 2023-03-27 - Withdrawn by Sponsor
HB1276 (Crossfiled) 2023-02-24 - First Reading House Rules and Executive Nominations
HB1276 (Crossfiled) 2023-02-24 - First Reading House Rules and Executive Nominations
Subjects
Abandoned Property
Associations
Banks and Trust Companies
Commercial Law - Generally
Corporations
Corporations and Associations
Credit
Financial Institutions
Gifts
Nonprofit Organizations
Time
Associations
Banks and Trust Companies
Commercial Law - Generally
Corporations
Corporations and Associations
Credit
Financial Institutions
Gifts
Nonprofit Organizations
Time
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Corporations and Associations | 5 | 704 | (n/a) | See Bill Text |
| Commercial Law | 17 | 301 | (n/a) | See Bill Text |
