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2001 SESSION

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HB 1730 Charitable corporations serving as trustees of certain trusts.

Introduced by: William J. Howell | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED:

Charitable corporations serving as trustees of certain charitable trusts. Clarifies and validates the existing practice of some schools and charitable corporations that now serve as trustees of various split-interest trusts and pooled income funds. Current law prohibits most corporations from serving as trustees of charitable trusts.

SUMMARY AS INTRODUCED:

Charitable corporations serving as trustees of certain charitable trusts. Clarifies and validates the existing practice of some schools and charitable corporations that now serve as trustees of various split-interest trusts and pooled income funds. Current law prohibits most corporations from serving as trustees of charitable trusts.