Land trusts; beneficiaries shall name a successor trustee. (SB109)
Introduced By
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
Date | Action |
---|---|
01/09/2012 | Prefiled and ordered printed; offered 01/11/12 12101406D |
01/09/2012 | Referred to Committee for Courts of Justice |
01/16/2012 | Reported from Courts of Justice (14-Y 0-N) (see vote tally) |
01/17/2012 | Reconsideration of passage agreed to by Senate (40-Y 0-N) (see vote tally) |
01/17/2012 | Constitutional reading dispensed (38-Y 0-N) (see vote tally) |
01/17/2012 | Motion to reconsider reading dispensed agreed to (40-Y 0-N) (see vote tally) |
01/17/2012 | Constitutional reading dispensed (40-Y 0-N) (see vote tally) |
01/18/2012 | Read second time and engrossed |
01/19/2012 | Read third time and passed Senate (40-Y 0-N) (see vote tally) |
02/13/2012 | Placed on Calendar |
02/13/2012 | Read first time |
02/13/2012 | Referred to Committee for Courts of Justice |
02/16/2012 | Assigned Courts sub: #2 Civil |
02/27/2012 | Subcommittee recommends reporting (9-Y 0-N) |
02/27/2012 | Reported from Courts of Justice (18-Y 0-N) (see vote tally) |
02/29/2012 | Read second time |
03/01/2012 | Read third time |
03/01/2012 | Passed House BLOCK VOTE (99-Y 0-N) |
03/01/2012 | VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (see vote tally) |
03/06/2012 | Enrolled |
03/06/2012 | Bill text as passed Senate and House (SB109ER) |
03/06/2012 | Signed by Speaker |
03/08/2012 | Signed by President |
04/04/2012 | G Approved by Governor-Chapter 558 (effective 7/1/12) |
04/04/2012 | G Acts of Assembly Chapter text (CHAP0558) |