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 deposits of property with persons having residences or places of business in the Commonwealth. The Judiciary.
AI Summary
This bill amends Section 3 of Chapter 200A of the General Laws in Massachusetts, which relates to the presumption of abandoned property deposits. The key provisions include: (1) expanding the types of owner interactions with the deposit holder that prevent a deposit from being presumed abandoned, such as electronic login, interest accrual, or other account activity; (2) allowing the presumption of abandonment to be rebutted if the owner has another active relationship with the deposit holder; and (3) requiring the deposit holder to communicate with the owner at the address where the owner regularly receives communications about the other relationship in order for that relationship to prevent the deposit from being presumed abandoned.
Committee Categories
Justice
Sponsors (9)
James Cantwell (D),
Josh Cutler (D),
Ken Gordon (D),
Steven Howitt (R),
Leonard Mirra (R),
Brian Murray (D),
Bruce Tarr (R),
Chris Walsh (D),
Tom Walsh (D),
Last Action
Accompanied a study order, see H4874 (on 08/09/2018)
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/H764 |
| Bill | https://malegislature.gov/Bills/190/H764.pdf |
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