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2010 SESSION
HB 56 Testamentary trustees; relief of duty to file an inventory or annual accounts.
Introduced by: Mark L. Cole | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Testamentary trustees; relief of duty to file an inventory or annual accounts. Provides that any trustee under a will of a decedent probated on or after July 1, 2010, shall be relieved of the duty to file an inventory or annual accounts with the commissioner of accounts if the will does not direct the filing of such inventory or accounts and the trustee (i) obtains the written consent of all adult beneficiaries and the consent of all incapacitated beneficiaries, other than the trustee, to whom income or principal of the trust could be currently distributed, after providing those beneficiaries or, in the case of incapacitated beneficiaries, their representatives with certain documents and information; and (ii) files those consents with the commissioner on or before the date on which the inventory or next required accounting would otherwise be due. The commissioner of accounts shall be allowed a fee of $25 for receiving and filing such consents. The bill also provides form language that may be included in a will that would require the trustee to file annual account. This bill is identical to SB 43.
FULL TEXT
- 12/22/09 House: Prefiled and ordered printed; offered 01/13/10 10101963D pdf
- 02/01/10 House: Floor substitute printed 10104789D-H1 (Cole) pdf
- 03/08/10 House: Bill text as passed House and Senate (HB56ER) pdf
- 04/07/10 Governor: Acts of Assembly Chapter text (CHAP0197) pdf
AMENDMENTS
HISTORY
- 12/22/09 House: Prefiled and ordered printed; offered 01/13/10 10101963D
- 12/22/09 House: Referred to Committee for Courts of Justice
- 01/15/10 House: Assigned Courts sub: Civil
- 01/18/10 House: Subcommittee recommends reporting (11-Y 0-N)
- 01/22/10 House: Reported from Courts of Justice (22-Y 0-N)
- 01/26/10 House: Read first time
- 01/27/10 House: Passed by for the day
- 01/28/10 House: Passed by for the day
- 01/29/10 House: Passed by for the day
- 02/01/10 House: Read second time
- 02/01/10 House: Floor substitute printed 10104789D-H1 (Cole)
- 02/01/10 House: Substitute by Delegate Cole agreed to 10104789D-H1
- 02/01/10 House: Engrossed by House - floor substitute HB56H1
- 02/02/10 House: Read third time and passed House (96-Y 0-N)
- 02/02/10 House: VOTE: --- PASSAGE (96-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
- 02/22/10 Senate: Reported from Courts of Justice with amendments (14-Y 0-N 1-A)
- 02/23/10 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/24/10 Senate: Read third time
- 02/24/10 Senate: Reading of amendments waived
- 02/24/10 Senate: Committee amendments agreed to
- 02/24/10 Senate: Engrossed by Senate as amended
- 02/24/10 Senate: Passed Senate with amendments (39-Y 1-N)
- 02/25/10 House: Placed on Calendar
- 02/26/10 House: Senate amendments agreed to by House (96-Y 0-N)
- 02/26/10 House: VOTE: --- ADOPTION (96-Y 0-N)
- 03/08/10 House: Enrolled
- 03/08/10 House: Bill text as passed House and Senate (HB56ER)
- 03/08/10 House: Signed by Speaker
- 03/08/10 Senate: Signed by President
- 04/07/10 Governor: Approved by Governor-Chapter 197 (effective 7/1/10)
- 04/07/10 Governor: Acts of Assembly Chapter text (CHAP0197)