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2024 SESSION
SB 63 Termination of trust; notice requirements.
Introduced by: Ryan T. McDougle | all patrons ... notes | add to my profiles
SUMMARY AS PASSED SENATE: (all summaries)
Termination of trust; notice requirements. Provides that a trustee seeking to terminate a trust consisting of trust property that has a total value of less than $100,000 may do so without a court order, provided that the trustee sends notice, as specified in the bill, to any qualified beneficiaries or cotrustees. This bill is identical to HB 332.
FULL TEXT
- 12/27/23 Senate: Prefiled and ordered printed; offered 01/10/24 24101044D pdf
- 02/12/24 Senate: Committee substitute printed 24105821D-S1 pdf
- 02/26/24 Senate: Bill text as passed Senate and House (SB63ER) pdf
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0336) pdf
AMENDMENTS
HISTORY
- 12/27/23 Senate: Prefiled and ordered printed; offered 01/10/24 24101044D
- 12/27/23 Senate: Referred to Committee for Courts of Justice
- 01/10/24 Senate: Moved from Judiciary to Courts of Justice due to a change of the committee name
- 02/12/24 Senate: Reported from Courts of Justice with substitute (14-Y 0-N)
- 02/12/24 Senate: Committee substitute printed 24105821D-S1
- 02/13/24 Senate: Read second time
- 02/13/24 Senate: Reading of substitute waived
- 02/13/24 Senate: Committee substitute agreed to 24105821D-S1
- 02/13/24 Senate: Engrossed by Senate - committee substitute SB63S1
- 02/13/24 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/13/24 Senate: Passed Senate (40-Y 0-N)
- 02/13/24 Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/15/24 House: Placed on Calendar
- 02/15/24 House: Read first time
- 02/15/24 House: Referred to Committee for Courts of Justice
- 02/16/24 House: Reported from Courts of Justice (22-Y 0-N)
- 02/20/24 House: Read second time
- 02/21/24 House: Read third time
- 02/21/24 House: Passed House BLOCK VOTE (100-Y 0-N)
- 02/21/24 House: VOTE: Block Vote Passage (100-Y 0-N)
- 02/26/24 Senate: Enrolled
- 02/26/24 Senate: Bill text as passed Senate and House (SB63ER)
- 02/26/24 House: Signed by Speaker
- 02/28/24 Senate: Signed by President
- 03/11/24 Senate: Enrolled Bill Communicated to Governor on March 11, 2024
- 03/11/24 Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/02/24 Governor: Approved by Governor-Chapter 336 (effective 7/1/24)
- 04/02/24 Governor: Acts of Assembly Chapter text (CHAP0336)