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2010 SESSION
HB 346 Small Estate Act; revises by repealing related provisions in Code.
Introduced by: Vivian E. Watts | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Small Estate Act; revision. Revises the Small Estate Act by repealing related provisions in the Title 6.1 (Banking and Finance), Title 51.1 (Pensions, Benefits, and Retirement), and Title 64.1 (Wills and Decedents' Estates) and consolidating them in the Act. The bill also allows that a person holding a small asset belonging to a decedent may pay or deliver the asset to a designated successor if he presents an affidavit on behalf of the other known successors if the value of the asset does not exceed $50,000 and other conditions are met. The person holding the asset may pay or deliver it without being presented with an affidavit if the value of the asset does not exceed $15,000. A designated successor who received an asset has a fiduciary duty to other successors to safeguard the asset and pay or deliver it to other successors as required by law. The bill also provides that a person holding a small asset may pay or deliver up to $3,500 of the asset for the handling of the funeral of the decedent.
FULL TEXT
- 01/12/10 House: Prefiled and ordered printed; offered 01/13/10 10103443D pdf
- 02/01/10 House: Printed as engrossed 10103443D-E pdf
- 03/10/10 House: Bill text as passed House and Senate (HB346ER) pdf
- 04/08/10 Governor: Acts of Assembly Chapter text (CHAP0269) pdf
AMENDMENTS
HISTORY
- 01/12/10 House: Prefiled and ordered printed; offered 01/13/10 10103443D
- 01/12/10 House: Referred to Committee for Courts of Justice
- 01/15/10 House: Assigned Courts sub: Civil
- 01/20/10 House: Subcommittee recommends reporting with amendment(s) (9-Y 1-N)
- 01/27/10 House: Reported from Courts of Justice with amendment (22-Y 0-N)
- 01/29/10 House: Read first time
- 02/01/10 House: Read second time
- 02/01/10 House: Committee amendment agreed to
- 02/01/10 House: Engrossed by House as amended HB346E
- 02/01/10 House: Printed as engrossed 10103443D-E
- 02/02/10 House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
- 02/02/10 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 02/03/10 Senate: Constitutional reading dispensed
- 02/03/10 Senate: Referred to Committee for Courts of Justice
- 02/17/10 Senate: Assigned Courts sub: Civil
- 03/01/10 Senate: Reported from Courts of Justice (14-Y 0-N)
- 03/02/10 Senate: Constitutional reading dispensed (40-Y 0-N)
- 03/03/10 Senate: Read third time
- 03/03/10 Senate: Passed Senate (40-Y 0-N)
- 03/10/10 House: Enrolled
- 03/10/10 House: Bill text as passed House and Senate (HB346ER)
- 03/11/10 House: Signed by Speaker
- 03/13/10 Senate: Signed by President
- 04/08/10 Governor: Approved by Governor-Chapter 269 (effective 7/1/10)
- 04/08/10 Governor: Acts of Assembly Chapter text (CHAP0269)