Bill
Bill > H1100
summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd General Court
Bill Summary
Relative to non-profit fraternal benefit societies' investment restrictions. Financial Services.
AI Summary
This bill adjusts the investment restrictions for non-profit fraternal benefit societies in Massachusetts. Specifically, it changes the limit on investments that can exceed the society's required reserves from 25% of the excess to 10% of the society's total assets. This provides more flexibility for these non-profit organizations to invest their funds while still maintaining appropriate reserve levels.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see H4705 (on 06/03/2024)
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/193/H1100 |
| BillText | https://malegislature.gov/Bills/193/H1100.pdf |
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