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1995 SESSION

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HB 1924 Uniform Custodial Trust Act.

Introduced by: W. Tayloe Murphy, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Uniform Custodial Trust Act. Modifies the Uniform Act to allow any person to transfer property he holds for or owes to an incapacitated individual to a custodial trustee for the benefit of the individual, provided the court approves the transfer. The court may require the custodial trustee to post bond, with surety. Under current law, such a transfer may be made only to an adult family member of the incapacitated person or to a trust company. The bill is recommended by the Virginia Bar Association Elder Law Section.

FULL TEXT

• 01/20/95  House: Presented & ordered printed LD8575152  pdf
• 01/31/95  House: Printed as engrossed LD8575152-E  pdf
• 03/03/95  House: Bill text as passed House and Senate (HB1924ER)  pdf
• 03/23/95  Governor: Acts of Assembly Chapter text (CHAP0444)  pdf

AMENDMENTS

• House amendments
• Senate amendments

HISTORY

• 01/20/95  House: Presented & ordered printed LD8575152
• 01/20/95  House: Referred to Committee for Courts of Justice
• 01/25/95  House: Assigned to C. J. sub-committee: 3/4
• 01/27/95  House: Reported from C. J. with amendment (22-Y 0-N)
• 01/30/95  House: Read first time
• 01/31/95  House: Read second time
• 01/31/95  House: Committee amendment agreed to
• 01/31/95  House: Engrossed by House as amended
• 01/31/95  House: Printed as engrossed LD8575152-E
• 02/01/95  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/01/95  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/01/95  House: Communicated to Senate
• 02/02/95  Senate: Read first time
• 02/02/95  Senate: Referred to Committee for Courts of Justice
• 02/16/95  Senate: Assigned to C. J. sub-committee: Wills/Trusts/Estates
• 02/19/95  Senate: Reported from Courts of Justice w/amds. (15-Y 0-N)
• 02/20/95  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/20/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
• 02/21/95  Senate: Read third time
• 02/21/95  Senate: Reading of amendments waived
• 02/21/95  Senate: Committee amendments agreed to
• 02/21/95  Senate: Engrossed by Senate as amended
• 02/21/95  Senate: Passed Senate with amendments (40-Y 0-N)
• 02/21/95  Senate: VOTE: PASSAGE (40-Y 0-N)
• 02/22/95  House: Placed on Calendar
• 02/23/95  House: Senate amendments agreed to by House (100-Y 0-N)
• 02/23/95  House: VOTE: ADOPTION (100-Y 0-N)
• 03/03/95  House: Bill text as passed House and Senate (HB1924ER)
• 03/10/95  House: Enrolled
• 03/10/95  House: Signed by Speaker
• 03/13/95  Senate: Signed by President
• 03/20/95  Governor: Approved by Governor-Chapter 444 (effective 7/1/95)
• 03/23/95  Governor: Acts of Assembly Chapter text (CHAP0444)