| Old | New | Differences | |
|---|---|---|---|
| 1 | - | WES MOORE, Governor Ch. 146 | |
| 2 | 1 | ||
| 3 | - | – 1 – | |
| 4 | - | Chapter 146 | |
| 5 | - | (Senate Bill 800) | |
| 6 | 2 | ||
| 7 | - | AN ACT concerning | |
| 3 | + | EXPLANATION: CAPITALS INDICATE MAT TER ADDED TO EXISTIN G LAW. | |
| 4 | + | [Brackets] indicate matter deleted from existing law. | |
| 5 | + | Underlining indicates amendments to bill. | |
| 6 | + | Strike out indicates matter stricken from the bill by amendment or deleted from the law by | |
| 7 | + | amendment. | |
| 8 | + | *sb0800* | |
| 8 | 9 | ||
| 9 | - | Maryland Uniform Disposition of Abandoned Property Act – Maryland 529 | |
| 10 | - | Program – Exemption | |
| 10 | + | SENATE BILL 800 | |
| 11 | + | I4 4lr2895 | |
| 12 | + | CF HB 1150 | |
| 13 | + | By: The President (By Request – State Treasurer) | |
| 14 | + | Introduced and read first time: February 1, 2024 | |
| 15 | + | Assigned to: Budget and Taxation | |
| 16 | + | Committee Report: Favorable with amendments | |
| 17 | + | Senate action: Adopted | |
| 18 | + | Read second time: February 26, 2024 | |
| 11 | 19 | ||
| 12 | - | FOR the purpose of exempting certain accounts under the Maryland 529 Program and | |
| 13 | - | certain sums payable from the accounts from the provisions of the Maryland Uniform | |
| 14 | - | Disposition of Abandoned Property Act; and generally relating to the Maryland | |
| 15 | - | Uniform Disposition of Abandoned Property Act. | |
| 20 | + | CHAPTER ______ | |
| 16 | 21 | ||
| 17 | - | BY repealing and reenacting, with amendments, | |
| 18 | - | Article – Commercial Law | |
| 19 | - | Section 17–104 | |
| 20 | - | Annotated Code of Maryland | |
| 21 | - | (2013 Replacement Volume and 2023 Supplement) | |
| 22 | + | AN ACT concerning 1 | |
| 22 | 23 | ||
| 23 | - | ||
| 24 | - | ||
| 24 | + | Maryland Uniform Disposition of Abandoned Property Act – Maryland 529 2 | |
| 25 | + | Program – Exemption 3 | |
| 25 | 26 | ||
| 26 | - | Article – Commercial Law | |
| 27 | + | FOR the purpose of exempting certain accounts under the Maryland 529 Program and 4 | |
| 28 | + | certain sums payable from the accounts from the provisions of the Maryland Uniform 5 | |
| 29 | + | Disposition of Abandoned Property Act; and generally relating to the Maryland 6 | |
| 30 | + | Uniform Disposition of Abandoned Property Act. 7 | |
| 27 | 31 | ||
| 28 | - | 17–104. | |
| 32 | + | BY repealing and reenacting, with amendments, 8 | |
| 33 | + | Article – Commercial Law 9 | |
| 34 | + | Section 17–104 10 | |
| 35 | + | Annotated Code of Maryland 11 | |
| 36 | + | (2013 Replacement Volume and 2023 Supplement) 12 | |
| 29 | 37 | ||
| 30 | - | | |
| 31 | - | ||
| 38 | + | SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 13 | |
| 39 | + | That the Laws of Maryland read as follows: 14 | |
| 32 | 40 | ||
| 33 | - | (1) HAS been presumed abandoned or escheated under the laws of another | |
| 34 | - | state before June 1, 1966; OR | |
| 41 | + | Article – Commercial Law 15 | |
| 35 | 42 | ||
| 36 | - | (2) IS CONTAINED IN AN AC COUNT OR IS A SUM PAYABLE ON A CHECK | |
| 37 | - | DRAWN AGAINST AN ACC OUNT THAT WAS ESTABLISHED UNDER: | |
| 43 | + | 17–104. 16 | |
| 38 | 44 | ||
| 39 | - | (I) TITLE 18, SUBTITLE 19 OF THE EDUCATION ARTICLE; | |
| 45 | + | (A) This EXCEPT AS PROVIDED IN SUBSECTION (B) OF THIS SECTION , THIS 17 | |
| 46 | + | title does not apply to any property that [has]: 18 | |
| 47 | + | 2 SENATE BILL 800 | |
| 40 | 48 | ||
| 41 | - | (II) TITLE 18, SUBTITLE 19A OF THE EDUCATION ARTICLE; OR | |
| 42 | 49 | ||
| 43 | - | (III) TITLE 18, SUBTITLE 19C OF THE EDUCATION ARTICLE. | |
| 50 | + | (1) HAS been presumed abandoned or escheated under the laws of another 1 | |
| 51 | + | state before June 1, 1966; OR 2 | |
| 44 | 52 | ||
| 45 | - | (B) THIS TITLE APPLIES TO A SUM PAYABLE ON A C HECK DRAWN AGAINST | |
| 46 | - | AN ACCOUNT ESTABLISH ED UNDER TITLE 18 OF THE EDUCATION ARTICLE. | |
| 47 | - | Ch. 146 2024 LAWS OF MARYLAND | |
| 53 | + | (2) IS CONTAINED IN AN AC COUNT OR IS A SUM PAYABLE ON A CHECK 3 | |
| 54 | + | DRAWN AGAINST AN ACC OUNT THAT WAS ESTABLISHED UNDER: 4 | |
| 48 | 55 | ||
| 49 | - | – 2 – | |
| 50 | - | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June | |
| 51 | - | 1, 2024. | |
| 56 | + | (I) TITLE 18, SUBTITLE 19 OF THE EDUCATION ARTICLE; 5 | |
| 52 | 57 | ||
| 53 | - | Approved by the Governor, April 25, 2024. | |
| 58 | + | (II) TITLE 18, SUBTITLE 19A OF THE EDUCATION ARTICLE; OR 6 | |
| 59 | + | ||
| 60 | + | (III) TITLE 18, SUBTITLE 19C OF THE EDUCATION ARTICLE. 7 | |
| 61 | + | ||
| 62 | + | (B) THIS TITLE APPLIES TO A SUM PAYABLE ON A C HECK DRAWN AGAINST 8 | |
| 63 | + | AN ACCOUNT ESTABLISH ED UNDER TITLE 18 OF THE EDUCATION ARTICLE. 9 | |
| 64 | + | ||
| 65 | + | SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 10 | |
| 66 | + | 1, 2024. 11 | |
| 67 | + | ||
| 68 | + | ||
| 69 | + | ||
| 70 | + | ||
| 71 | + | ||
| 72 | + | Approved: | |
| 73 | + | ________________________________________________________________________________ | |
| 74 | + | Governor. | |
| 75 | + | ________________________________________________________________________________ | |
| 76 | + | President of the Senate. | |
| 77 | + | ________________________________________________________________________________ | |
| 78 | + | Speaker of the House of Delegates. |