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- Subject Index: Since 1995
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2010 SESSION
SB 43 Testamentary trustees; relief of duty to file an inventory or annual accounts.
Introduced by: Richard H. Stuart | 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 HB 56.
FULL TEXT
- 01/04/10 Senate: Prefiled and ordered printed; offered 01/13/10 10101396D pdf
- 02/26/10 House: Committee substitute printed 10105510D-H1 pdf
- 03/12/10 Senate: Bill text as passed Senate and House (SB43ER) pdf
- 04/12/10 Governor: Acts of Assembly Chapter text (CHAP0651) pdf
HISTORY
- 01/04/10 Senate: Prefiled and ordered printed; offered 01/13/10 10101396D
- 01/04/10 Senate: Referred to Committee for Courts of Justice
- 01/12/10 Senate: Assigned Courts sub: Civil
- 01/18/10 Senate: Reported from Courts of Justice (12-Y 0-N)
- 01/19/10 Senate: Constitutional reading dispensed (40-Y 0-N)
- 01/20/10 Senate: Read second time and engrossed
- 01/21/10 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/03/10 House: Placed on Calendar
- 02/03/10 House: Read first time
- 02/03/10 House: Referred to Committee for Courts of Justice
- 02/16/10 House: Assigned Courts sub: #2 Civil
- 02/22/10 House: Subcommittee recommends reporting with amendment(s) (11-Y 0-N)
- 02/26/10 House: Reported from Courts of Justice with substitute (19-Y 0-N)
- 02/26/10 House: Committee substitute printed 10105510D-H1
- 03/02/10 House: Read second time
- 03/03/10 House: Read third time
- 03/03/10 House: Committee substitute agreed to 10105510D-H1
- 03/03/10 House: Engrossed by House - committee substitute SB43H1
- 03/03/10 House: Passed House with substitute BLOCK VOTE (99-Y 0-N)
- 03/03/10 House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
- 03/05/10 Senate: House substitute agreed to by Senate (39-Y 0-N)
- 03/05/10 Senate: Title replaced 10105510D-H1
- 03/12/10 Senate: Bill text as passed Senate and House (SB43ER)
- 03/12/10 House: Signed by Speaker
- 03/13/10 Senate: Signed by President
- 04/12/10 Governor: Approved by Governor-Chapter 651 (effective 7/1/10)
- 04/12/10 Governor: Acts of Assembly Chapter text (CHAP0651)