Tenants by entireties; allows transfer of real and personal property into trusts. (HB1319)

Introduced By

Del. Harvey Morgan (R-Gloucester)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Tenants by the entireties in real and personal property; transferred into trusts. Amends statute to allow any property owned as tenants by the entireties to be transferred into joint, separate, revocable or irrevocable trusts. Currently only the principal family residence can be transferred into a trust while maintaining tenants by the entireties' immunity. The changes also eliminate the requirements that the property has to be transferred in equal shares if being transferred to separate trusts. Read the Bill »

Status

03/30/2006: signed by governor

History

DateAction
01/11/2006Prefiled and ordered printed; offered 01/11/06 062412252
01/11/2006Referred to Committee for Courts of Justice
02/03/2006Reported from Courts of Justice with amendment (22-Y 0-N)
02/07/2006Read first time
02/08/2006Read second time
02/08/2006Committee amendment agreed to
02/08/2006Engrossment reconsidered by House
02/08/2006Engrossed by House as amended HB1319E
02/08/2006Printed as engrossed 062412252-E
02/09/2006Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/09/2006VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
02/09/2006Communicated to Senate
02/10/2006Constitutional reading dispensed
02/10/2006Referred to Committee for Courts of Justice
02/27/2006Reported from Courts of Justice (12-Y 0-N)
02/28/2006Constitutional reading dispensed (40-Y 0-N)
02/28/2006VOTE: (40-Y 0-N)
03/01/2006Read third time
03/01/2006Passed Senate (40-Y 0-N)
03/01/2006VOTE: (40-Y 0-N)
03/08/2006Bill text as passed House and Senate (HB1319ER)
03/08/2006Enrolled
03/09/2006Signed by Speaker
03/09/2006Signed by President
03/30/2006G Approved by Governor-Chapter 281 (effective 7/1/06)
04/04/2006G Acts of Assembly Chapter text (CHAP0281)