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Bill > S505


MA S505

MA S505
To protect abandoned property owners


summary

Introduced
04/15/2015
In Committee
04/15/2015
Crossed Over
Passed
Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation to protect abandoned property owners. Financial Services.

AI Summary

This bill aims to protect owners of abandoned property by amending Section 15C of Chapter 200A of the General Laws. Specifically, it proposes to remove the word "unless" and entirely strike subsections (1), (2), and (3) from this section, which likely deal with conditions or exceptions related to abandoned property. The context suggests that these changes are intended to simplify or alter the existing rules governing how abandoned property is handled, potentially making it easier for owners to reclaim their assets or changing the process by which property is deemed abandoned.

Committee Categories

Business and Industry

Sponsors (7)

Last Action

Accompanied a study order, see S2318 (on 06/06/2016)

bill text


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