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2012 SESSION
HB 134 Court distributions; dollar limits.
Introduced by: Terry G. Kilgore | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Court distributions; dollar limits. Increases from $15,000 to $25,000 the amount of money or property that a court may distribute without the necessity of qualification as a fiduciary in cases involving (i) funds paid into court and (ii) funds or property due a person under a disability for whom a fiduciary has not been appointed. The bill also increases from $15,000 to $25,000 the amount of money or property that a fiduciary may distribute upon approval of the commissioner of accounts. The bill also authorizes the circuit courts to allow a fiduciary to continue to administer a fund not exceeding $25,000 (up from $15,000) without filing further accountings.
SUMMARY AS INTRODUCED:
Court distributions; dollar limits. Increases from $15,000 to $25,000 the amount of money or property that a court may distribute without the necessity of qualification as a fiduciary in cases involving funds or property due a person under a disability for whom a fiduciary has not been appointed.