VIRGINIA LAW PORTAL

• Code of Virginia
• Virginia Administrative Code
• Constitution of Virginia
• Charters
• Authorities
• Compacts
• Uncodified Acts
• RIS Users (account required)

SEARCHABLE DATABASES

• Bills & Resolutions
  session legislation
• Bill Summaries
  session summaries
• Reports to the General Assembly
  House and Senate documents
• Legislative Liaisons
  State agency contacts

ACROSS SESSIONS

• Subject Index: Since 1995
• Bills & Resolutions: Since 1994
• Summaries: Since 1994

Developed and maintained by the Division of Legislative Automated Systems.

2017 SESSION

• | print version

HB 1448 Self-settled spendthrift trusts; certain legal entities to act as qualified trustee.

Introduced by: Jason S. Miyares (by request) | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Qualified trustee of self-settled spendthrift trusts. Allows any legal entity authorized by law to act as a trustee to serve as a qualified trustee of a self-settled spendthrift trust. Under current law, only a natural person who resides in the Commonwealth or a legal entity authorized to engage in trust business (i.e., a bank or trust company) may serve as a qualified trustee. The bill would expand the definition of "independent qualified trustee" and "qualified trustee" to include entities such as law firms and charitable organizations, when such entities are authorized by law to act as trustees.

FULL TEXT

• 12/01/16  House: Prefiled and ordered printed; offered 01/11/17 17100557D  pdf
• 01/25/17  House: Printed as engrossed 17100557D-E  pdf

AMENDMENTS

• House amendments

HISTORY

• 12/01/16  House: Prefiled and ordered printed; offered 01/11/17 17100557D
• 12/01/16  House: Referred to Committee for Courts of Justice
• 01/13/17  House: Assigned Courts sub: Civil Law
• 01/16/17  House: Subcommittee recommends reporting with amendment (10-Y 0-N)
• 01/20/17  House: Reported from Courts of Justice with amendment (21-Y 0-N)
• 01/24/17  House: Read first time
• 01/25/17  House: Read second time
• 01/25/17  House: Committee amendment agreed to
• 01/25/17  House: Engrossed by House as amended HB1448E
• 01/25/17  House: Printed as engrossed 17100557D-E
• 01/26/17  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
• 01/26/17  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
• 01/27/17  Senate: Constitutional reading dispensed
• 01/27/17  Senate: Referred to Committee for Courts of Justice
• 02/15/17  Senate: Passed by indefinitely in Courts of Justice (11-Y 3-N 1-A)