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MD HB1150

MD HB1150
Maryland Uniform Disposition of Abandoned Property Act – Maryland 529 Program – Exemption


summary

Introduced
02/07/2024
In Committee
03/29/2024
Crossed Over
03/07/2024
Passed
04/04/2024
Dead
Signed/Enacted/Adopted
04/25/2024

Introduced Session

2024 Regular Session

Bill Summary

Exempting certain accounts under the Maryland 529 Program from the provisions of the Maryland Uniform Disposition of Abandoned Property Act.

AI Summary

This bill exempts certain accounts under the Maryland 529 Program (which includes the Maryland College Investment Plan, the Maryland Prepaid College Trust, and the Maryland Broker-Dealer College Investment Plan) from the provisions of the Maryland Uniform Disposition of Abandoned Property Act. However, the bill specifies that the Act still applies to sums payable on checks drawn against accounts established under the Maryland 529 Program.

Committee Categories

Budget and Finance

Sponsors (0)

No sponsors listed

Last Action

Approved by the Governor - Chapter 145 (on 04/25/2024)

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