MD SB510 | 2024 | Regular Session
Note: Carry Over of previous SB956
Status
Spectrum: Partisan Bill (Republican 2-0)
Status: Engrossed on March 7 2024 - 50% progression
Action: 2024-03-08 - Referred Economic Matters
Pending: House Economic Matters Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 7 2024 - 50% progression
Action: 2024-03-08 - Referred Economic Matters
Pending: House Economic Matters Committee
Text: Latest bill text (Engrossed) [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
Roll Calls
2024-03-07 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-03-08 | House | Referred Economic Matters |
| 2024-03-07 | Senate | Third Reading Passed (46-0) |
| 2024-03-05 | Senate | Second Reading Passed |
| 2024-03-05 | Senate | Favorable Adopted |
| 2024-03-04 | Senate | Favorable Report by Judicial Proceedings |
| 2024-01-31 | Senate | Hearing 2/15 at 1:00 p.m. |
| 2024-01-24 | Senate | First Reading Judicial Proceedings |
Same As/Similar To
HB487 (Crossfiled) 2024-01-29 - Hearing 2/06 at 1:00 p.m.
SB956 (Carry Over) 2023-03-27 - Withdrawn by Sponsor
SB956 (Carry Over) 2023-03-27 - Withdrawn by Sponsor
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 |
