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2024 SESSION

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HB 678 Trusts; release or ratification of trustee by beneficiary, response of beneficiary in writing.

Introduced by: James A. "Jay" Leftwich | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Trustees; settlement of accounts; notice and statements to beneficiaries; requirements. Provides that the beneficiary of a trust shall be deemed to have released a trustee and ratified all actions of a trustee for the administration of a trust if, when the trust terminates or the trustee ceases to serve, the trustee sends the beneficiary notice and the beneficiary does not object within 60 days after the trustee sent such notice. The bill also requires the trustee to provide to the beneficiary certain financial information related to the trust. This bill is identical to SB 566.

FULL TEXT

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24101335D  pdf | impact statement
• 02/02/24  House: Committee substitute printed 24106497D-H1  pdf | impact statement
• 02/28/24  House: Bill text as passed House and Senate (HB678ER)  pdf | impact statement
• 04/04/24  Governor: Acts of Assembly Chapter text (CHAP0446)  pdf

AMENDMENTS

• House subcommittee amendments and substitutes offered
• House subcommittee amendments and substitutes adopted
• Senate committee, floor amendments and substitutes offered
• Senate amendments
• Senate amendments engrossed

HISTORY

• 01/09/24  House: Prefiled and ordered printed; offered 01/10/24 24101335D
• 01/09/24  House: Referred to Committee for Courts of Justice
• 01/25/24  House: Assigned Courts sub: Civil
• 01/29/24  House: Subcommittee recommends reporting with substitute (7-Y 1-N)
• 02/02/24  House: Reported from Courts of Justice with substitute (21-Y 0-N)
• 02/02/24  House: Committee substitute printed 24106497D-H1
• 02/06/24  House: Read first time
• 02/07/24  House: Read second time
• 02/07/24  House: Committee substitute agreed to 24106497D-H1
• 02/07/24  House: Engrossed by House - committee substitute HB678H1
• 02/08/24  House: Read third time and passed House BLOCK VOTE (98-Y 0-N)
• 02/08/24  House: VOTE: Block Vote Passage (98-Y 0-N)
• 02/09/24  Senate: Constitutional reading dispensed
• 02/09/24  Senate: Referred to Committee for Courts of Justice
• 02/19/24  Senate: Reported from Courts of Justice with amendments (12-Y 0-N)
• 02/20/24  Senate: Constitutional reading dispensed (39-Y 0-N)
• 02/21/24  Senate: Read third time
• 02/21/24  Senate: Reading of amendments waived
• 02/21/24  Senate: Committee amendments agreed to
• 02/21/24  Senate: Engrossed by Senate as amended
• 02/21/24  Senate: Passed Senate with amendments (40-Y 0-N)
• 02/23/24  House: Senate amendment agreed to by House (96-Y 0-N)
• 02/23/24  House: VOTE: Adoption (96-Y 0-N)
• 02/28/24  House: Enrolled
• 02/28/24  House: Bill text as passed House and Senate (HB678ER)
• 02/28/24  House: Signed by Speaker
• 03/02/24  Senate: Signed by President
• 03/11/24  House: Enrolled Bill communicated to Governor on March 11, 2024
• 03/11/24  Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
• 04/04/24  Governor: Approved by Governor-Chapter 446 (effective 7/1/24)
• 04/04/24  Governor: Acts of Assembly Chapter text (CHAP0446)