PARRIS N. GLENDENING, Governor

Ch. 533

(I)      AN INTEREST HELD IN THE CAPACITY OF AGENT, CUSTODIAN,
FIDUCIARY, PERSONAL REPRESENTATIVE, OR TRUSTEE, UNLESS THE HOLDER HAS
AN EQUITABLE INTEREST IN THE SUBJECT MATTER;

(II)     AN INTEREST IN A TIME OR DEMAND DEPOSIT IN A FINANCIAL
INSTITUTION;

(III)    AN INTEREST IN AN INSURANCE POLICY, ENDOWMENT POLICY,
OR ANNUITY CONTRACT BY WHICH AN INSURER PROMISES TO PAY A FIXED
AMOUNT OF MONEY IN A LUMP SUM OR PERIODICALLY FOR LIFE OR A SPECIFIED
PERIOD; OR

(IV)    A COMMON TRUST FUND OR A TRUST THAT FORMS PART OF A
PENSION OR A PROFIT-SHARING PLAN THAT:

1.        HAS MORE THAN 25 PARTICIPANTS; AND

2.        IS DETERMINED BY THE INTERNAL REVENUE SERVICE
TO BE A QUALIFIED TRUST UNDER § 401 OR § 501 OF THE INTERNAL REVENUE CODE.

REVISOR'S NOTE: This subsection is new language derived without substantive
change from former Art. 40A, § l-201(o).

(T) JOINT ETHICS COMMITTEE.

"JOINT ETHICS COMMITTEE" MEANS THE JOINT COMMITTEE ON LEGISLATIVE
ETHICS.

REVISOR'S NOTE: This subsection formerly was Art. 40A, § l-201(g).

The words "Joint Ethics" are added for clarity.

No other changes are made.
(U) LEGISLATIVE ACTION.

(1)      "LEGISLATIVE ACTION" MEANS AN OFFICIAL ACTION OR
NONACTION RELATING TO:

(I)      A BILL, RESOLUTION, AMENDMENT, NOMINATION,
APPOINTMENT, REPORT, OR OTHER MATTER WITHIN THE JURISDICTION OF THE
GENERAL ASSEMBLY; OR

(II)     A BILL PRESENTED TO THE GOVERNOR FOR SIGNATURE OR
VETO.

(2)      "LEGISLATIVE ACTION" INCLUDES THE FOLLOWING ACTIONS:

(I)       INTRODUCTION;

(II)     SPONSORSHIP;

(III)    CONSIDERATION;

(IV)    DEBATE;

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