CHAPTER NUMBER: 664
File Code: Estates and Trusts
Prior Year Introduction As: HB 381/96 - JUD
- Sponsored By:
-
Delegate Harkins
- Entitled:
-
Recovery by Minor in Tort - Trust Assets
Allowing a trustee for a minor who recovers in tort to invest or
reinvest the proceeds in a stock fund that states, in its prospectus,
a principal investment objective of long-term growth or capital
appreciation through investments in equity securities; establishing a
limit of 30% on the percentage of trust assets that may be invested in
specified money market funds, stock mutual funds, or any combination
of the two; and providing that the Act applies to trusts in existence
on or after October 1, 1997.
House Action
- 1/23
- First Reading Judiciary
- 1/29
- Hearing 2/14 at 1:00 p.m.
- 2/17
- Favorable with Amendments Report by Judiciary
- 2/18
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 2/21
- Third Reading Passed (129-0)
- 3/31
- Returned Passed
- 5/22
- Signed by the Governor Chapter 664
Senate Action
- 2/24
- First Reading Judicial Proceedings
- 3/12
- Hearing 3/20 at 1:00 p.m.
- 4/3
- Favorable Report by Judicial Proceedings
- Favorable Report Adopted
- Second Reading Passed
- 4/4
- Third Reading Passed (46-0)
- 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
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
- House
- Number: 261981/1 (PDF) Offered on: FEBRUARY 18, 1997 at: 10:52
Status: Adopted