Trust decanting; authorized fiduciary. (SB78)
Introduced By
Progress
✓ |
Introduced |
✓ |
Passed Committee |
✓ |
Passed House |
✓ |
Passed Senate |
✓ |
Signed by Governor |
☐ |
Became Law |
Description
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 »
Outcome
Bill Has Passed
History
Date | Action |
---|---|
12/04/2017 | Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D |
12/04/2017 | Referred to Committee for Courts of Justice |
01/24/2018 | Reported from Courts of Justice (15-Y 0-N) (see vote tally) |
01/26/2018 | Constitutional reading dispensed (35-Y 0-N) (see vote tally) |
01/29/2018 | Read second time and engrossed |
01/30/2018 | Read third time and passed Senate (39-Y 0-N) (see vote tally) |
02/05/2018 | Placed on Calendar |
02/05/2018 | Read first time |
02/05/2018 | Referred to Committee for Courts of Justice |
02/15/2018 | Assigned Courts sub: Subcommittee #2 |
02/19/2018 | Subcommittee recommends reporting (8-Y 0-N) |
02/23/2018 | Reported from Courts of Justice (18-Y 0-N) (see vote tally) |
02/27/2018 | Read second time |
02/28/2018 | Read third time |
02/28/2018 | Passed House BLOCK VOTE (98-Y 0-N) |
02/28/2018 | VOTE: BLOCK VOTE PASSAGE (98-Y 0-N) (see vote tally) |
03/05/2018 | Enrolled |
03/05/2018 | Bill text as passed Senate and House (SB78ER) |
03/05/2018 | Signed by Speaker |
03/08/2018 | Signed by President |
03/14/2018 | Enrolled Bill Communicated to Governor on March 14, 2018 |
03/14/2018 | G Governor's Action Deadline Midnight, April 9, 2018 |
03/23/2018 | G Approved by Governor-Chapter 476 (effective 3/23/18) |
03/23/2018 | G Acts of Assembly Chapter text (CHAP0476) |