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2003 SESSION
HB 1976 Uniform Disclaimer of Property Interests Act.
Introduced by: Clifford L. Athey, Jr. | all patrons ... notes | add to my profiles
SUMMARY AS PASSED: (all summaries)
Uniform Disclaimer of Property Interests Act. Repeals Chapter 8 of Title 64.1, dealing with disclaimer of property passing under testamentary interests by descent or distribution and replaces it with the Uniform Disclaimer of Property Interests Act (UDPIA), which was adopted by the National Conference of Commissioners on Uniform State Laws in 1978 and revised in 1999. The current Virginia disclaimer statute focuses on estate and gift tax consequences. The UDPIA broadens the situations in which disclaimers can be used and details the exercise and effect of disclaimers, including that acceptance is the only bar to a valid disclaimer and specifying the effects of a disclaimer.
FULL TEXT
- 01/08/03 House: Presented & ordered printed, prefiled 01/07/03 038837772 pdf
- 02/21/03 House: Bill text as passed House and Senate (HB1976ER) pdf
- 03/24/03 Governor: Acts of Assembly Chapter text (CHAP0253) pdf
HISTORY
- 01/08/03 House: Presented & ordered printed, prefiled 01/07/03 038837772
- 01/08/03 House: Referred to Committee for Courts of Justice
- 01/16/03 House: Assigned to C. J. sub-committee: 2
- 01/22/03 House: Reported from Courts of Justice (21-Y 0-N)
- 01/24/03 House: Read first time
- 01/27/03 House: Read second time and engrossed
- 01/28/03 House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
- 01/28/03 House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
- 01/28/03 House: Communicated to Senate
- 01/29/03 Senate: Constitutional reading dispensed
- 01/29/03 Senate: Referred to Committee for Courts of Justice
- 02/05/03 Senate: Reported from Courts of Justice (15-Y 0-N)
- 02/07/03 Senate: Const. reading disp., passed by for the day (39-Y 0-N)
- 02/07/03 Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
- 02/10/03 Senate: Read third time
- 02/10/03 Senate: Passed Senate (40-Y 0-N)
- 02/10/03 Senate: VOTE: PASSAGE R (40-Y 0-N)
- 02/21/03 House: Enrolled
- 02/21/03 House: Signed by Speaker
- 02/21/03 House: Bill text as passed House and Senate (HB1976ER)
- 02/23/03 Senate: Signed by President
- 03/16/03 Governor: Approved by Governor-Chapter 253 (effective 7/1/03)
- 03/24/03 Governor: Acts of Assembly Chapter text (CHAP0253)