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2007 SESSION

• | print version

HB 2767 Fiduciaries; presumption of prudence.

Introduced by: Robert Hurt | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Fiduciaries; presumption of prudence.  Clarifies when fiduciaries will receive the presumption of prudence in investing and extends the presumption to custodians and custodial trustees. The bill provides that the presumption of prudence in investing only applies to a fiduciary (i) in a calendar year in which the value of the intangible personal property under his management does not exceed $100,000 at the beginning of the year, or (ii) who has obtained express authorization from a court with jurisdiction that the presumption of prudence in investing applies.

FULL TEXT

• 01/10/07  House: Prefiled and ordered printed; offered 01/10/07 076072372  pdf
• 02/05/07  House: Printed as engrossed 076072372-E  pdf
• 03/01/07  House: Bill text as passed House and Senate (HB2767ER)  pdf
• 03/27/07  Governor: Acts of Assembly Chapter text (CHAP0517)  pdf

AMENDMENTS

• House amendments

HISTORY

• 01/10/07  House: Prefiled and ordered printed; offered 01/10/07 076072372
• 01/10/07  House: Referred to Committee for Courts of Justice
• 01/17/07  House: Assigned Courts sub: Civil Law
• 02/02/07  House: Reported from Courts of Justice with amendments (21-Y 0-N)
• 02/03/07  House: Read first time
• 02/05/07  House: Read second time
• 02/05/07  House: Committee amendments agreed to
• 02/05/07  House: Engrossed by House as amended HB2767E
• 02/05/07  House: Printed as engrossed 076072372-E
• 02/06/07  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 02/06/07  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 02/06/07  House: Communicated to Senate
• 02/07/07  Senate: Constitutional reading dispensed
• 02/07/07  Senate: Referred to Committee for Courts of Justice
• 02/15/07  Senate: Reported from Courts of Justice (13-Y 1-N)
• 02/19/07  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/19/07  Senate: VOTE: (40-Y 0-N)
• 02/20/07  Senate: Read third time
• 02/20/07  Senate: Passed Senate (40-Y 0-N)
• 02/20/07  Senate: VOTE: (40-Y 0-N)
• 03/01/07  House: Enrolled
• 03/01/07  House: Bill text as passed House and Senate (HB2767ER)
• 03/01/07  House: Signed by Speaker
• 03/04/07  Senate: Signed by President
• 03/19/07  Governor: Approved by Governor-Chapter 517 (effective 7/1/07)
• 03/27/07  Governor: Acts of Assembly Chapter text (CHAP0517)