Uniform Directed Trust Act; codifies Act. (HB1380)

Introduced By

Del. Jay Leftwich (R-Chesapeake)

Progress

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

Description

Uniform Directed Trust Act. Codifies the Uniform Directed Trust Act, which expressly validates terms of a trust that provide for a trust director, a term that is defined in the Act, and prescribes a set of rules for directed trusts, including allocation of fiduciary duties. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/08/2020Committee
01/08/2020Prefiled and ordered printed; offered 01/08/20 20102232D
01/08/2020Referred to Committee for Courts of Justice
01/14/2020Assigned Courts sub: Civil
01/15/2020Subcommittee recommends reporting (7-Y 0-N)
01/22/2020Reported from Courts of Justice (22-Y 0-N) (see vote tally)
01/24/2020Read first time
01/27/2020Read second time and engrossed
01/28/2020Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/28/2020VOTE: (97-Y 0-N) (see vote tally)
01/29/2020Constitutional reading dispensed
01/29/2020Referred to Committee on Commerce and Labor
02/17/2020Rereferred from Commerce and Labor (15-Y 0-N) (see vote tally)
02/17/2020Rereferred to Judiciary
02/24/2020Reported from Judiciary (11-Y 3-N 1-A) (see vote tally)
02/25/2020Constitutional reading dispensed (39-Y 0-N) (see vote tally)
02/26/2020Read third time
02/26/2020Passed Senate (35-Y 5-N) (see vote tally)
03/03/2020Enrolled
03/03/2020Bill text as passed House and Senate (HB1380ER)
03/03/2020Signed by Speaker
03/04/2020Signed by President
03/12/2020Enrolled Bill communicated to Governor on March 12, 2020
03/12/2020G Governor's Action Deadline 11:59 p.m., April 11, 2020
04/07/2020G Approved by Governor-Chapter 768 (effective 7/1/20)
04/07/2020G Acts of Assembly Chapter text (CHAP0768)

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