File Code: Estates and Trusts
Crossfiled with: SENATE BILL 633
- Sponsored By:
-
Delegate Montague
- Entitled:
-
Estates and Trusts - Stock Distributions
Establishing that, for purposes of determining income and principal of
a trust, a stock distribution or spin-off of shares of stock of a
corporation that had been owned or acquired by the distributing
corporation is principal.
House Action
- 2/6
- First Reading Judiciary
- 2/5
- Hearing 2/21 at 1:00 p.m.
- 2/24
- Favorable Report by Judiciary
- 2/25
- Favorable Report Adopted
- Second Reading Passed
- 2/27
- Third Reading Passed (135-2)
- 3/30
- Returned Passed
- 5/22
- Governor vetoed - Cross-filed bill was signed
Senate Action
- 2/28
- First Reading Judicial Proceedings
- 3/31
- Favorable Report by Judicial Proceedings
- 4/1
- Favorable Report Adopted
- Second Reading Passed
- 4/2
- Third Reading Passed (47-0)
- Bill indexed under the following Subjects:
- ESTATES AND TRUSTS -see also- FIDUCIARIES
- SECURITIES
- Bill affects the following Statute:
- Estates and Trusts
- (
14-205
)
- Bill Text:
- First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)