Bill > SB800

This bill exempts certain accounts under the Maryland 529 Program from the provisions of the Maryland Uniform Disposition of Abandoned Property Act. Specifically, it exempts accounts established under Title 18, Subtitles 19, 19A, and 19C of the Education Article from this law, which addresses the disposition of abandoned property. The bill makes an exception, however, for sums payable on checks drawn against these 529 program accounts, which would still be subject to the Abandoned Property Act. The bill takes effect on June 1, 2024.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0800?ys=2024RS