2025 Regular Session • Maryland Legislature
SB561: Corporations and Associations - Electric Cooperatives - Nonescheat Capital Credits
Legislative Summary
Providing that certain unclaimed money held by an electric cooperative and due to a past member is not considered abandoned property; and authorizing an electric cooperative to use this money only to assist members of the cooperative or make donations to nonprofit, charitable organizations approved by the cooperative's board of directors.
Demographic Impact
Overall analysis of equity impact
Neutral
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Bill History
1/24/2025
First Reading Judicial Proceedings
Senate
1/27/2025
Hearing 1/31 at 11:00 a.m.
Senate
1/28/2025
Hearing canceled
Senate
1/28/2025
Hearing 1/31 at 10:00 a.m.
Senate
2/10/2025
Favorable Report by Judicial Proceedings
Senate
2/11/2025
Favorable Adopted
Senate
2/11/2025
Second Reading Passed
Senate
2/13/2025
Third Reading Passed (45-0)
Senate
2/14/2025
Referred Economic Matters
House of Delegates
4/5/2025
Favorable with Amendments Report by Economic Matters
House of Delegates
4/5/2025
Favorable with Amendments {803124/1 Adopted
House of Delegates
4/5/2025
Second Reading Passed with Amendments
House of Delegates
4/7/2025
Third Reading Passed (139-0)
House of Delegates
4/7/2025
Senate Concurs House Amendments
Senate
4/7/2025
Third Reading Passed (47-0)
Senate
4/7/2025
Passed Enrolled
Senate
4/22/2025
Approved by the Governor - Chapter 213
Senate
Amendments
Favorable with Amendments 803124/1 Adopted
Favorable with Amendments 803124/1 Adopted
4/5/2025Adopted
Roll Call Votes
Third Reading Passed
4/7/2025
139
Yea
0
Nay
1
Not Voting
1
Absent
Result: PASSED
Third Reading Passed
2/13/2025
45
Yea
0
Nay
1
Not Voting
1
Absent
Result: PASSED
Status Information
Current Status
Passed(4/22/2025)
Chamber
Senate
