---
type: "Bill"
title: "Financial Institutions - State Banks, Trust Companies, and Savings Banks - Incorporators"
description: "Financial Institutions - State Banks, Trust Companies, and Savings Banks - Incorporators"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2020"
identifier: "SB 14"
citation: "Maryland SB 14 (2020)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: []
version_count: 3
action_count: 14
vote_count: 3
first_action: "2019-09-17"
last_action: "2020-05-08"
source: "openstates"
source_identifier: "ocd-bill/55c22a35-8961-492a-8c0a-a7924b38d2d9"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0014?ys=2020RS&search=True"
source_hash: "c7242c079b1ed09d993231e37c0b06a1f8aeff7b094da26b360712dd3e93c5bb"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 14 (2020) — Financial Institutions - State Banks, Trust Companies, and Savings Banks - Incorporators

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Financial Institutions - State Banks, Trust Companies, and Savings Banks - Incorporators** (committee substitute) — [source](http://mgaleg.maryland.gov/2020RS/Chapters_noln/CH_498_sb0014t.pdf)
2. **First - Financial Institutions - State Banks, Trust Companies, and Savings Banks - Incorporators** (committee substitute) — [source](http://mgaleg.maryland.gov/2020RS/bills/sb/sb0014f.pdf)
3. **Third - Financial Institutions - State Banks, Trust Companies, and Savings Banks - Incorporators** (committee substitute) — [source](http://mgaleg.maryland.gov/2020RS/bills/sb/sb0014t.pdf)

## Votes

- ON THIRD READING (Rules Suspended) — **125–1** (pass) · lower
- On Third Reading — **46–0** (pass) · upper
- Motion to suspend rules and allow 2 Rdgs on 1 Day — **128–0** (pass) · lower

## Sponsors

- Chair, Finance Committee — primary (organization)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2019-09-17** Pre-filed `introduction`
- **2020-01-08** First Reading Finance `referral-committee`
- **2019-12-20** Hearing 1/22 at 1:00 p.m.
- **2020-01-23** Favorable Report by Finance `committee-passage-favorable`
- **2020-01-24** Favorable Adopted `committee-passage-favorable`
- **2020-01-24** Second Reading Passed
- **2020-01-28** Third Reading Passed `passage`
- **2020-01-29** Referred Economic Matters `referral-committee`
- **2020-03-15** Hearing 3/16 at 1:00 p.m.
- **2020-03-18** Favorable Report by Economic Matters `committee-passage-favorable`
- **2020-03-18** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2020-03-18** Motion Rules Suspend Two Readings Same Day (Delegate Luedtke) Adopted
- **2020-03-18** Third Reading Passed `passage`
- **2020-05-08** Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 498 `became-law`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/55c22a35-8961-492a-8c0a-a7924b38d2d9`. Confidence: reported (aggregated from official Maryland legislature records).