Partition of property; in partition actions the court shall order an appraisal of property. (HB1605)

Introduced By

Del. Patrick Hope (D-Arlington) with support from co-patron Del. Michael Webert (R-Marshall)

Progress

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

Description

Partition of property. Incorporates major provisions of the Uniform Partition of Heirs Property Act. The bill provides that in partition actions the court shall order an appraisal to determine fair market value of the property, unless the parties have agreed to the value of the property or to another valuation method. The bill also provides factors to be considered by the court when making an allotment of the property when there is a dispute among the parties. The bill further provides that if the court orders a sale of property in a partition action, the sale shall be conducted on the open market, unless the court finds that a sale by sealed bids or at auction would be more economically advantageous to the parties as a group. The bill outlines the procedure for such open-market sale. This bill is identical to SB 553. Read the Bill »

Outcome

Bill Has Passed

History

DateAction
01/16/2020Committee
01/16/2020Presented and ordered printed 20105499D
01/16/2020Referred to Committee for Courts of Justice
01/29/2020Subcommittee recommends reporting (6-Y 0-N)
01/31/2020Reported from Courts of Justice (19-Y 0-N) (see vote tally)
02/04/2020Read first time
02/05/2020Read second time and engrossed
02/06/2020Read third time and passed House BLOCK VOTE (99-Y 0-N)
02/06/2020VOTE: Block Vote Passage (99-Y 0-N) (see vote tally)
02/07/2020Constitutional reading dispensed
02/07/2020Referred to Committee on the Judiciary
02/12/2020Reported from Judiciary (11-Y 0-N) (see vote tally)
02/14/2020Constitutional reading dispensed (40-Y 0-N) (see vote tally)
02/17/2020Read third time
02/17/2020Passed by for the day
02/18/2020Read third time
02/18/2020Passed Senate (38-Y 0-N) (see vote tally)
02/20/2020Enrolled
02/20/2020Bill text as passed House and Senate (HB1605ER)
02/20/2020Signed by Speaker
02/21/2020Signed by President
02/25/2020Enrolled Bill communicated to Governor on February 25, 2020
02/25/2020G Governor's Action Deadline 11:59 p.m., March 3, 2020
03/03/2020G Approved by Governor-Chapter 115 (effective 7/1/20)
03/03/2020G Acts of Assembly Chapter text (CHAP0115)

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 20 seconds.

Post a Public Comment About this Bill



if you have one


(Limited HTML is OK: <a>, <em>, <strong>, <s>)