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Committee advances HB 1081 to speed transfers to charities, bar demands for officers' personal Social Security numbers
2135614 · January 21, 2025
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Summary
The House Financial Institutions Committee passed House Bill 1081 as amended to require financial companies to transfer assets to named charities upon receipt of an affidavit from the charity and to prohibit demanding officers' personal Social Security numbers, addresses or forcing a charity to open an account as a precondition to transfer.
The House Financial Institutions Committee passed House Bill 1081 as amended, a measure intended to speed transfers of inherited retirement and investment assets to…
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