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2016 SESSION

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SB 2 Incapacitated person; public guardian or conservator acting as trustee for trust.

Introduced by: L. Louise Lucas | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Public guardian or conservator acting as trustee for trust of incapacitated person. Excepts from the definition of "trust business" the holding of assets as a trustee of a trust if the trustee (i) is a designee under the Virginia Public Guardian and Public Conservator Program of the Department for Aging and Rehabilitative Services and (ii) has been ordered by a court to serve as a guardian or conservator for an incapacitated person whom the trust primarily benefits. Under current law, engaging in trust business is generally prohibited unless specifically authorized by law.

FULL TEXT

• 11/20/15  Senate: Prefiled and ordered printed; offered 01/13/16 16100243D  pdf

HISTORY

• 11/20/15  Senate: Prefiled and ordered printed; offered 01/13/16 16100243D
• 11/20/15  Senate: Referred to Committee for Courts of Justice
• 01/18/16  Senate: Stricken at the request of Patron in Courts of Justice (14-Y 0-N)