Trust decanting; authorized fiduciary. (SB78)

Introduced By

Sen. John Edwards (D-Roanoke)


Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law


Trust decanting; authorized fiduciary. Reinstates the restriction in Virginia's former trust decanting law that limits the type of fiduciary who may exercise the decanting power to a disinterested trustee. The bill also reinstates the former provisions that state that the decanting power may be exercised by a majority of the authorized fiduciaries and that the court has the power to appoint a special fiduciary to exercise the decanting power. The bill contains an emergency clause. Read the Bill »


Bill Has Passed


12/04/2017Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D
12/04/2017Referred to Committee for Courts of Justice
01/24/2018Reported from Courts of Justice (15-Y 0-N) (see vote tally)
01/26/2018Constitutional reading dispensed (35-Y 0-N) (see vote tally)
01/29/2018Read second time and engrossed
01/30/2018Read third time and passed Senate (39-Y 0-N) (see vote tally)
02/05/2018Placed on Calendar
02/05/2018Read first time
02/05/2018Referred to Committee for Courts of Justice
02/15/2018Assigned Courts sub: Subcommittee #2
02/19/2018Subcommittee recommends reporting (8-Y 0-N)
02/23/2018Reported from Courts of Justice (18-Y 0-N) (see vote tally)
02/27/2018Read second time
02/28/2018Read third time
02/28/2018Passed House BLOCK VOTE (98-Y 0-N)
02/28/2018VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally)
03/05/2018Bill text as passed Senate and House (SB78ER)
03/05/2018Signed by Speaker
03/08/2018Signed by President
03/14/2018Enrolled Bill Communicated to Governor on March 14, 2018
03/14/2018G Governor's Action Deadline Midnight, April 9, 2018
03/23/2018G Approved by Governor-Chapter 476 (effective 3/23/18)
03/23/2018G Acts of Assembly Chapter text (CHAP0476)