Decanting statute; conditions for second trust. (SB634)

Introduced By

Sen. John Edwards (D-Roanoke)

Progress

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

Description

Decanting statute; conditions for second trust. Makes a technical correction to 64.2-778.1 This statute authorizes a trustee to appoint all or part of the principal or income of a trust into a second trust for the benefit of the beneficiaries of the original trust. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/17/2014Presented and ordered printed 14103641D
01/17/2014Referred to Committee for Courts of Justice
02/03/2014Reported from Courts of Justice (13-Y 0-N) (see vote tally)
02/04/2014Constitutional reading dispensed (40-Y 0-N)
02/05/2014Read second time and engrossed
02/06/2014Read third time and passed Senate (40-Y 0-N)
02/08/2014Placed on Calendar
02/08/2014Read first time
02/08/2014Referred to Committee for Courts of Justice
02/14/2014Assigned Courts sub: Civil Law
02/17/2014Subcommittee recommends reporting (10-Y 0-N)
02/21/2014Reported from Courts of Justice (21-Y 0-N) (see vote tally)
02/25/2014Read second time
02/26/2014Read third time
02/26/2014Passed House BLOCK VOTE (100-Y 0-N)
02/26/2014VOTE: BLOCK VOTE PASSAGE (100-Y 0-N) (see vote tally)
02/28/2014Enrolled
02/28/2014Bill text as passed Senate and House (SB634ER)
03/03/2014Signed by Speaker
03/03/2014Signed by President
03/27/2014G Approved by Governor-Chapter 378 (effective 7/1/14)
03/27/2014G Acts of Assembly Chapter text (CHAP0378)

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 25 seconds.