HB0474

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Estates and Trusts - Breach of Trust Action - Limitation Period

Sponsored by:

Delegate West

Status:

In the House - Hearing 2/14 at 1:00 p.m.


Synopsis:Establishing that the terms of a trust do not prevail over certain periods of limitation in bringing a judicial action; prohibiting a beneficiary from bringing a judicial action against a trustee for breach of trust more than 1 year after the date the beneficiary or the representative of the beneficiary is sent a certain report; providing that a certain report adequately discloses the existence of a potential claim for breach of trust for certain purposes; providing that the Act does not limit certain actions; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates West and Kramer
Additional Facts:Cross-filed with: SB1014
Bill File Type: Regular
Effective Date(s): October 1, 2018
Committee(s):
Health and Government Operations  View Committee Hearing
Broad Subject(s):Estates and Trusts
Narrow Subject(s):Beneficiaries -see also- Estates and Trusts
Civil Actions -see also- Small Claims
Estates and Trusts -see also- Beneficiaries
Notices
Reports
Statutes of Limitation
Statutes:Article - Estates and Trusts
(14.5-105, 14.5-904)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


February 15, 2018 9:26 A.M.