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Legislation


1998 Regular Session

SENATE BILL 406

File Code: Estates and Trusts Crossfiled with: HOUSE BILL 495
Sponsored By:
Senator Stone
Entitled:
Estates and Trusts - Rule Against Perpetuities

Synopsis:

Exempting from the common-law rule against perpetuities a trust in which the governing instrument states that the rule against perpetuities does not apply to the trust and under which the trustee has specified powers.

History by Legislative Date

Senate Action
2/6
First Reading Judicial Proceedings
2/11
Hearing 3/4 at 1:00 p.m.
3/10

Favorable with Amendments Report by Judicial Proceedings
3/11
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/13
Third Reading Passed (45-0)
4/8
Return Passed
5/21
Governor vetoed - Cross-filed bill was signed
House Action
3/16
First Reading Judiciary
3/19
Hearing 4/1 at 1:00 p.m.
4/6
Favorable Report by Judiciary
4/1
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (137-3)
Bill indexed under the following Subjects:
ESTATES AND TRUSTS -see also- FIDUCIARIES
REAL PROPERTY
RULES AND REGULATIONS
Bill affects the following Statute:
Estates and Trusts
( 11-102 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 018055/1 (PDF)     Offered on: March 11, 1998   at: 11:01 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 13, 1998: Third Reading Passed (45-0)
House
April 2, 1998: Third Reading Passed (137-3)
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