2002 Regular Session

SENATE BILL 641

CHAPTER NUMBER: 478 File Code: Estates and Trusts Crossfiled with: HOUSE BILL 881
Sponsored By:
Senator Baker
Entitled:
Uniform Principal and Income Act - Unitrust Conversion - Adjustments Between Principal and Income

Synopsis:

Authorizing a trustee to convert a trust to a unitrust or make adjustments between principal and income under specified circumstances; requiring a trustee to give notice to specified persons of specified proposed decisions regarding the power to convert a trust to a unitrust or to adjust between principal and income; providing for judicial review of specified proposed decisions; etc.

History by Legislative Date

Senate Action
2/1
First Reading Judicial Proceedings
2/6
Hearing 3/7 at 1:00 p.m.
3/18
Favorable with Amendments Report by Judicial Proceedings
3/19
Favorable with Amendments Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (44-0)
3/31
Returned Passed
5/16
Signed by the Governor Chapter 478
House Action
3/21
First Reading Judiciary
Hearing 3/27 at 1:00 p.m.
3/29
Favorable Report by Judiciary
3/28
Favorable Report Adopted
Second Reading Passed
3/29
Third Reading Passed (134-0)
Bill indexed under the following Subjects:
DISCLOSURE
ESTATES AND TRUSTS
JUDICIAL REVIEW -see also- APPEALS
NOTICES
UNIFORM LAWS
Bill affects the following Statutes:
Estates and Trusts
( 15-501 , 15-502.1 , 15-502.2 , 15-502.3 , 15-515 , 15-520 , 15-528 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 308670/3 (PDF)     Offered on: March 19, 2002   at: 10:29 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 21, 2002: Third Reading Passed (44-0)
House
March 29, 2002: Third Reading Passed (134-0)