Land trusts; beneficiaries shall name a successor trustee. (SB109)

Introduced By

Sen. John Edwards (D-Roanoke)

Progress

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

Description

Land trusts; successor trustee.  Provides that the beneficiaries of a land trust, by majority decision, shall name a successor trustee when the trustee named in the deed of conveyance creating the trust is unable to serve if no successor trustee is named in the deed or designated by the trust instrument or no procedure to designate a successor trustee is set forth in the deed or trust instrument. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/09/2012Prefiled and ordered printed; offered 01/11/12 12101406D
01/09/2012Referred to Committee for Courts of Justice
01/16/2012Reported from Courts of Justice (14-Y 0-N) (see vote tally)
01/17/2012Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally)
01/17/2012Constitutional reading dispensed (38-Y 0-N) (see vote tally)
01/17/2012Motion to reconsider reading dispensed agreed to (40-Y 0-N) (see vote tally)
01/17/2012Constitutional reading dispensed (40-Y 0-N) (see vote tally)
01/18/2012Read second time and engrossed
01/19/2012Read third time and passed Senate (40-Y 0-N) (see vote tally)
02/13/2012Placed on Calendar
02/13/2012Read first time
02/13/2012Referred to Committee for Courts of Justice
02/16/2012Assigned Courts sub: #2 Civil
02/27/2012Subcommittee recommends reporting (9-Y 0-N)
02/27/2012Reported from Courts of Justice (18-Y 0-N) (see vote tally)
02/29/2012Read second time
03/01/2012Read third time
03/01/2012Passed House BLOCK VOTE (99-Y 0-N)
03/01/2012VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally)
03/06/2012Enrolled
03/06/2012Bill text as passed Senate and House (SB109ER)
03/06/2012Signed by Speaker
03/08/2012Signed by President
04/04/2012G Approved by Governor-Chapter 558 (effective 7/1/12)
04/04/2012G Acts of Assembly Chapter text (CHAP0558)

Video

This bill was discussed on the floor of the General Assembly. Below is all of the video that we have of that discussion, 1 clip in all, totaling 1 minute.