summary
Introduced
03/29/2021
03/29/2021
In Committee
02/22/2022
02/22/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to deposits of property with persons having residences or places of business in the Commonwealth. The Judiciary.
AI Summary
This bill amends Section 3 of Chapter 200A of the General Laws in Massachusetts, which relates to the presumption of property being abandoned. The key provisions include: (1) Expanding the criteria for when property is not presumed abandoned, such as if the owner has communicated with the holder in writing, been credited with interest, accessed a password-protected account, or had another relationship with the holder; and (2) Allowing the holder to communicate with the owner at the address where the owner regularly receives communications about the other relationship to avoid the property being presumed abandoned.
Committee Categories
Budget and Finance, Justice
Sponsors (1)
Last Action
No further action taken (on 01/03/2023)
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/192/H1508 |
| Bill | https://malegislature.gov/Bills/192/H1508.pdf |
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