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2012 SESSION

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SB 109 Land trusts; beneficiaries shall name a successor trustee.

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SUMMARY AS INTRODUCED:

Land trusts; successor trustee.  Provides that the beneficiaries of a land trust, by majority decision, shall name a successor trustee when the trustee named in the deed of conveyance creating the trust is unable to serve if no successor trustee is named in the deed or designated by the trust instrument or no procedure to designate a successor trustee is set forth in the deed or trust instrument.

FULL TEXT

• 01/09/12  Senate: Prefiled and ordered printed; offered 01/11/12 12101406D  pdf
• 03/06/12  Senate: Bill text as passed Senate and House (SB109ER)  pdf
• 04/04/12  Governor: Acts of Assembly Chapter text (CHAP0558)  pdf

HISTORY

• 01/09/12  Senate: Prefiled and ordered printed; offered 01/11/12 12101406D
• 01/09/12  Senate: Referred to Committee for Courts of Justice
• 01/16/12  Senate: Reported from Courts of Justice (14-Y 0-N)
• 01/17/12  Senate: Constitutional reading dispensed (38-Y 0-N)
• 01/17/12  Senate: Motion to reconsider reading dispensed agreed to (40-Y 0-N)
• 01/17/12  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/18/12  Senate: Read second time and engrossed
• 01/19/12  Senate: Read third time and passed Senate (40-Y 0-N)
• 02/13/12  House: Placed on Calendar
• 02/13/12  House: Read first time
• 02/13/12  House: Referred to Committee for Courts of Justice
• 02/16/12  House: Assigned Courts sub: #2 Civil
• 02/27/12  House: Subcommittee recommends reporting (9-Y 0-N)
• 02/27/12  House: Reported from Courts of Justice (18-Y 0-N)
• 02/29/12  House: Read second time
• 03/01/12  House: Read third time
• 03/01/12  House: Passed House BLOCK VOTE (99-Y 0-N)
• 03/01/12  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 03/06/12  Senate: Enrolled
• 03/06/12  Senate: Bill text as passed Senate and House (SB109ER)
• 03/06/12  House: Signed by Speaker
• 03/08/12  Senate: Signed by President
• 04/04/12  Governor: Approved by Governor-Chapter 558 (effective 7/1/12)
• 04/04/12  Governor: Acts of Assembly Chapter text (CHAP0558)