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2018 SESSION
SB 78 Trust decanting; authorized fiduciary.
Introduced by: John S. Edwards | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Trust decanting; authorized fiduciary. Reinstates the restriction in Virginia's former trust decanting law that limits the type of fiduciary who may exercise the decanting power to a disinterested trustee. The bill also reinstates the former provisions that state that the decanting power may be exercised by a majority of the authorized fiduciaries and that the court has the power to appoint a special fiduciary to exercise the decanting power. The bill contains an emergency clause.
FULL TEXT
- 12/04/17 Senate: Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D pdf
- 03/05/18 Senate: Bill text as passed Senate and House (SB78ER) pdf
- 03/23/18 Governor: Acts of Assembly Chapter text (CHAP0476) pdf
HISTORY
- 12/04/17 Senate: Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D
- 12/04/17 Senate: Referred to Committee for Courts of Justice
- 01/24/18 Senate: Reported from Courts of Justice (15-Y 0-N)
- 01/26/18 Senate: Constitutional reading dispensed (35-Y 0-N)
- 01/29/18 Senate: Read second time and engrossed
- 01/30/18 Senate: Read third time and passed Senate (39-Y 0-N)
- 02/05/18 House: Placed on Calendar
- 02/05/18 House: Read first time
- 02/05/18 House: Referred to Committee for Courts of Justice
- 02/15/18 House: Assigned Courts sub: Subcommittee #2
- 02/19/18 House: Subcommittee recommends reporting (8-Y 0-N)
- 02/23/18 House: Reported from Courts of Justice (18-Y 0-N)
- 02/27/18 House: Read second time
- 02/28/18 House: Read third time
- 02/28/18 House: Passed House BLOCK VOTE (98-Y 0-N)
- 02/28/18 House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
- 03/05/18 Senate: Enrolled
- 03/05/18 Senate: Bill text as passed Senate and House (SB78ER)
- 03/05/18 House: Signed by Speaker
- 03/08/18 Senate: Signed by President
- 03/14/18 Senate: Enrolled Bill Communicated to Governor on March 14, 2018
- 03/14/18 Governor: Governor's Action Deadline Midnight, April 9, 2018
- 03/23/18 Governor: Approved by Governor-Chapter 476 (effective 3/23/18)
- 03/23/18 Governor: Acts of Assembly Chapter text (CHAP0476)