MD SB998 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2020 - 25% progression
Action: 2020-02-06 - First Reading Senate Rules
Pending: Senate Rules Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Authorizing a sole owner of a vessel to designate a beneficiary to take ownership of the vessel on the death of the owner; providing that a beneficiary may be indicated on a certificate of title for a vessel by the words "transfer-on-death" or "TOD" after the name of the registered owner; providing that designating a beneficiary does not affect ownership of a vessel until the death of the owner; authorizing the owner of a vessel to cancel or change the designation of a beneficiary without the consent of the beneficiary; etc.

Tracking Information

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Title

Vessels - Certificate of Title - Transfer-on-Death Beneficiary Designation

Sponsors


History

DateChamberAction
2020-02-06SenateFirst Reading Senate Rules

Same As/Similar To

HB55 (Crossfiled) 2020-02-24 - Unfavorable Report by Environment and Transportation; Withdrawn

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Natural Resources8715(n/a)See Bill Text
Natural Resources8715.1(n/a)See Bill Text
Natural Resources8720(n/a)See Bill Text

Maryland State Sources


Bill Comments

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