summary
Introduced
01/22/2019
01/22/2019
In Committee
03/04/2020
03/04/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to investments by fraternal benefit societies. Financial Services.
AI Summary
This bill amends Section 40 of Chapter 176 of the General Laws, which relates to investments by fraternal benefit societies. Specifically, it changes the maximum amount of investments that can be made by these societies from "twenty-five per cent of such excess" to "10 per cent of assets." This modification provides more flexibility for fraternal benefit societies in managing their investment portfolios.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (on 03/04/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H1070 |
| Bill | https://malegislature.gov/Bills/191/H1070.pdf |
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