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2005 SESSION

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HB 2384 Commissioner of accounts; no requirement when beneficiary is trustee.

Introduced by: William K. Barlow | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Accountings to the commissioner of accounts; no requirement where beneficiary is trustee.  Eliminates the requirement to account to a commissioner of accounts with respect to a testamentary trust where the sole beneficiary is also a trustee.  A “sole beneficiary” means a person who is (i) the only income beneficiary who is entitled to the principal, or the remaining principal goes to the trustee's estate, or (ii) the only income beneficiary and has either a general power of appointment over the principal or has a special power of appointment that is not limited to a particular class of persons.

FULL TEXT

• 01/12/05  House: Prefiled & ordered printed; offered 01/12/05 057256224  pdf
• 02/07/05  House: Printed as engrossed 057256224-E  pdf
• 03/07/05  House: Bill text as passed House and Senate (HB2384ER)  pdf
• 04/04/05  Governor: Acts of Assembly Chapter text (CHAP0821)  pdf

AMENDMENTS

• House amendments
• Senate amendments
• Senate amendments engrossed

HISTORY

• 01/12/05  House: Prefiled & ordered printed; offered 01/12/05 057256224
• 01/12/05  House: Referred to Committee for Courts of Justice
• 02/04/05  House: Reported from C. J. with amendment (19-Y 0-N)
• 02/05/05  House: Read first time
• 02/07/05  House: Read second time
• 02/07/05  House: Committee amendment agreed to
• 02/07/05  House: Engrossed by House as amended HB2384E
• 02/07/05  House: Printed as engrossed 057256224-E
• 02/08/05  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 02/08/05  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
• 02/08/05  House: Communicated to Senate
• 02/09/05  Senate: Constitutional reading dispensed
• 02/09/05  Senate: Referred to Committee for Courts of Justice
• 02/16/05  Senate: Reported from Courts of Justice w/amds (14-Y 0-N)
• 02/18/05  Senate: Constitutional reading dispensed (38-Y 0-N)
• 02/18/05  Senate: VOTE: CONST. RDG. DISPENSED R (38-Y 0-N)
• 02/21/05  Senate: Read third time
• 02/21/05  Senate: Reading of amendments waived
• 02/21/05  Senate: Committee amendments agreed to
• 02/21/05  Senate: Engrossed by Senate as amended
• 02/21/05  Senate: Passed Senate with amendments (40-Y 0-N)
• 02/21/05  Senate: VOTE: PASSAGE R (40-Y 0-N)
• 02/22/05  House: Placed on Calendar
• 02/23/05  House: Senate amendments agreed to by House (95-Y 0-N)
• 02/23/05  House: VOTE: ADOPTION (95-Y 0-N)
• 03/07/05  House: Bill text as passed House and Senate (HB2384ER)
• 03/09/05  House: Enrolled
• 03/09/05  House: Signed by Speaker
• 03/11/05  Senate: Signed by President
• 03/26/05  Governor: Approved by Governor-Chapter 821 (effective 7/1/05)
• 04/04/05  Governor: Acts of Assembly Chapter text (CHAP0821)