1996 Regular Session

HOUSE BILL 381

File Code: Estates and Trusts
Sponsored By:
Delegate Harkins
Entitled:
Recovery by Minor in Tort - Trust Assets

Synopsis:

Allowing a trustee for a minor who recovers in tort to invest or reinvest the proceeds of the check in conservative stock funds; increasing the limit on the amount of trust assets that may be invested in specified money market and stock funds; and generally relating to trust assets of a minor who recovers in tort.

Legislative History

House Action
1/26
First Reading Judiciary
2/2
Hearing 2/16 at 1:00 p.m.
3/4
Unfavorable Report by Judiciary
Senate Action
No Action
Bill indexed under the following Subjects:
ESTATES AND TRUSTS -see also- FIDUCIARIES
INVESTMENTS
MINORS -see also- AGE OF MAJORITY, JUVENILE CAUSES, YOUTH
SECURITIES
TORTS
Bill affects the following Statute:
Estates and Trusts
( 13-404 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available