summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to beneficiary designation on certain bank accounts. Financial Services.
AI Summary
This bill amends Section 3 of Chapter 167D of the General Laws to require banks to conspicuously notify individual depositors that they may designate a beneficiary to maintain the balance of their account upon their death. This provides an opportunity for bank customers to ensure their account balances are properly distributed after they pass away.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Accompanied a study order, see H4778 (on 07/18/2018)
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/190/H520 |
| Bill | https://malegislature.gov/Bills/190/H520.pdf |
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