Land trusts; trustee named in deed is unable to serve, beneficiaries shall name a successor trustee. (HB2133)
Introduced By
Del. William Barlow (D-Smithfield)
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
Land trusts; successor trustee. Provides that where a land trust has been created by the recordation of a deed of conveyance to a trustee, and the trustee named in the deed is unable to serve, the beneficiaries of the trust, by majority decision, shall name a successor trustee. If the beneficiaries cannot be identified, or cannot agree on a successor trustee, the circuit court where the deed was recorded shall name the successor trustee. The name and address of the successor trustee shall be recorded with the clerk. Read the Bill »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
01/12/2011 | Committee |
01/12/2011 | Prefiled and ordered printed; offered 01/12/11 11102501D |
01/12/2011 | Referred to Committee for Courts of Justice |
01/18/2011 | Assigned Courts sub: #2 Civil |
01/19/2011 | Subcommittee recommends reporting (8-Y 0-N) |
01/31/2011 | Reported from Courts of Justice (22-Y 0-N) (see vote tally) |
02/02/2011 | Read first time |
02/03/2011 | Read second time and engrossed |
02/04/2011 | Read third time and passed House BLOCK VOTE (98-Y 0-N) |
02/04/2011 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
02/07/2011 | Constitutional reading dispensed |
02/07/2011 | Referred to Committee for Courts of Justice |
02/08/2011 | Assigned Courts sub: Civil |
02/21/2011 | Reported from Courts of Justice (15-Y 0-N) (see vote tally) |
02/22/2011 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
02/23/2011 | Read third time |
02/23/2011 | Passed Senate (40-Y 0-N) (see vote tally) |
03/03/2011 | Enrolled |
03/03/2011 | Bill text as passed House and Senate (HB2133ER) |
03/03/2011 | Signed by Speaker |
03/06/2011 | Signed by President |
03/26/2011 | G Approved by Governor-Chapter 661 (effective 7/1/11) |
03/26/2011 | G Acts of Assembly Chapter text (CHAP0661) |