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1995 SESSION

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HB 2590 Money under control of courts.

Introduced by: William C. Mims | all patrons    ...    notes | add to my profiles

SUMMARY:

Money under control of courts. Allows distribution of money or property not exceeding $10,000 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. Currently, this informal distribution is available only if the value is $5,000 or less. A fiduciary may also pay a fund of up to $10,000 (currently $2,500) 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 $10,000 (currently $5,000) without filing further accountings.

FULL TEXT

• 01/23/95  House: Presented & ordered printed LD7705358  pdf
• 02/03/95  House: Committee substitute printed LD0295358-H1  pdf
• 02/27/95  House: Bill text as passed House and Senate (HB2590ER)  pdf
• 03/22/95  Governor: Acts of Assembly Chapter text (CHAP0405)  pdf

HISTORY

• 01/23/95  House: Presented & ordered printed LD7705358
• 01/23/95  House: Referred to Committee for Courts of Justice
• 01/27/95  House: Assigned to C. J. sub-committee: 3/4
• 02/03/95  House: Reported from C. J. with substitute (22-Y 0-N)
• 02/03/95  House: Committee substitute printed LD0295358-H1
• 02/04/95  House: Read first time
• 02/05/95  House: Read second time
• 02/05/95  House: Committee substitute agreed to LD0295358-H1
• 02/05/95  House: Engrossed by House - com. sub. LD0295358-H1
• 02/06/95  House: Read third time and passed House (Block Vote) (100-Y 0-N)
• 02/06/95  House: VOTE: BLOCK VOTE PASSAGE (100-Y 0-N)
• 02/06/95  House: Communicated to Senate
• 02/07/95  Senate: Read first time
• 02/07/95  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 (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: Passed Senate (40-Y 0-N)
• 02/21/95  Senate: VOTE: PASSAGE (40-Y 0-N)
• 02/27/95  House: Bill text as passed House and Senate (HB2590ER)
• 03/06/95  House: Enrolled
• 03/06/95  Senate: Signed by President
• 03/07/95  House: Signed by Speaker
• 03/18/95  Governor: Approved by Governor-Chapter 405 (effective 7/1/95)
• 03/22/95  Governor: Acts of Assembly Chapter text (CHAP0405)