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MD SB262

MD SB262
Charitable Organizations - Late Fees and Registration - Suspension and Cancellation Requirements


summary

Introduced
01/10/2024
In Committee
02/21/2024
Crossed Over
02/20/2024
Passed
Dead
04/08/2024

Introduced Session

2024 Regular Session

Bill Summary

Authorizing the Secretary of State to suspend payment of certain late fees assessed to certain charitable organizations under certain circumstances; and authorizing the Secretary of State to cancel a charitable organization's registration or reinstate a charitable organization's canceled registration under certain circumstances.

AI Summary

This bill authorizes the Secretary of State to suspend or waive the imposition or collection of late fees for charitable organizations that fail to file an annual report on time. It also allows the Secretary of State to cancel the registration of a charitable organization if it fails to submit a statement of intent and final annual report or any annual report for a 3-year period, and provides a process for the organization to request reinstatement of its canceled registration. The bill aims to provide more flexibility in the enforcement of late fees and registration requirements for charitable organizations in Maryland.

Committee Categories

Business and Industry, Justice

Sponsors (0)

No sponsors listed

Other Sponsors (1)

Judicial Proceedings (Senate)

Last Action

House Economic Matters Hearing (13:00:00 3/27/2024 ) (on 03/27/2024)

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