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MA H1335

Bill

Status

Introduced

2/27/2025

Primary Sponsor

Steven Ultrino

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Waives state secretary fees for reviving terminated corporations when a person or beneficiary is claiming unclaimed property surrendered to the state treasurer valued at $2,000 or less

  • Authorizes the state treasurer to certify that a terminated corporation may be revived solely for the purpose of allowing claimants to collect unclaimed property of $2,000 or less

  • Requires the state treasurer to provide claimants with a certificate of revival for the terminated corporation

  • Claimants must submit the certificate of revival to the state secretary, who is then required to waive the standard revival fee under Chapter 156B, Section 108

Legislative Description

Relative to unclaimed property

Last Action

Accompanied a study order, see H5213

3/12/2026

Committee Referrals

Financial Services2/27/2025

Full Bill Text

No bill text available