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2020 SESSION

• | print version

HB 13 Condominium association funds; fiduciary management, permissible investments.

Introduced by: R. Lee Ware | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Fiduciary management of condominium association funds; permissible investments. Authorizes the fiduciary managing agent of a condominium association to invest managed funds in United States securities or maintain a limited amount of managed funds in a money market account that invests in United States securities or other financial instruments guaranteed by securities of the United States. Under current law, a fiduciary managing agent may only keep association funds in a trust account in a federally insured financial institution.

FULL TEXT

• 11/19/19  House: Prefiled and ordered printed; offered 01/08/20 20100062D  pdf | impact statement

HISTORY

• 11/19/19  House: Prefiled and ordered printed; offered 01/08/20 20100062D
• 11/19/19  House: Referred to Committee on General Laws
• 01/15/20  House: Assigned GL sub: Housing/Consumer Protection
• 02/06/20  House: Subcommittee recommends striking from docket (8-Y 0-N)
• 02/06/20  House: Stricken from docket by General Laws (20-Y 1-N)