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2006 SESSION

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HB 1319 Tenants by entireties; allows transfer of real and personal property into trusts.

Introduced by: Harvey B. Morgan | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Tenants by the entireties in real and personal property; transferred into trusts.  Amends statute to allow any property owned as tenants by the entireties to be transferred into joint, separate, revocable or irrevocable trusts. Currently only the principal family residence can be transferred into a trust while maintaining tenants by the entireties' immunity. The changes also eliminate the requirements that the property has to be transferred in equal shares if being transferred to separate trusts.

FULL TEXT

• 01/11/06  House: Prefiled and ordered printed; offered 01/11/06 062412252  pdf
• 02/08/06  House: Printed as engrossed 062412252-E  pdf
• 03/08/06  House: Bill text as passed House and Senate (HB1319ER)  pdf
• 04/04/06  Governor: Acts of Assembly Chapter text (CHAP0281)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/11/06  House: Prefiled and ordered printed; offered 01/11/06 062412252
• 01/11/06  House: Referred to Committee for Courts of Justice
• 02/03/06  House: Reported from Courts of Justice with amendment (22-Y 0-N)
• 02/07/06  House: Read first time
• 02/08/06  House: Read second time
• 02/08/06  House: Committee amendment agreed to
• 02/08/06  House: Engrossed by House as amended HB1319E
• 02/08/06  House: Engrossment reconsidered by House
• 02/08/06  House: Engrossed by House as amended HB1319E
• 02/08/06  House: Printed as engrossed 062412252-E
• 02/09/06  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 02/09/06  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/09/06  House: Communicated to Senate
• 02/10/06  Senate: Constitutional reading dispensed
• 02/10/06  Senate: Referred to Committee for Courts of Justice
• 02/27/06  Senate: Reported from Courts of Justice (12-Y 0-N)
• 02/28/06  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/28/06  Senate: VOTE: (40-Y 0-N)
• 03/01/06  Senate: Read third time
• 03/01/06  Senate: Passed Senate (40-Y 0-N)
• 03/01/06  Senate: VOTE: (40-Y 0-N)
• 03/08/06  House: Bill text as passed House and Senate (HB1319ER)
• 03/08/06  House: Enrolled
• 03/09/06  House: Signed by Speaker
• 03/09/06  Senate: Signed by President
• 03/30/06  Governor: Approved by Governor-Chapter 281 (effective 7/1/06)
• 04/04/06  Governor: Acts of Assembly Chapter text (CHAP0281)