1997 Regular Session

SENATE BILL 632

CHAPTER NUMBER: 607 File Code: Estates and Trusts Crossfiled with: HOUSE BILL 985
Sponsored By:
Senator Stone
Entitled:
Estates and Trusts - Duties of Trustee

Synopsis:

Limiting the duties of a trustee regarding the acquisition, retention, or ownership of a contract of life insurance in the trust on the life of the grantor of the trust or on the lives of the grantor and the grantor's spouse, children, or grandchildren; and applying the Act to trusts existing on or after the effective date of the Act.

Legislative History

Senate Action
1/31
First Reading Judicial Proceedings
2/5
Hearing 2/27 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 (47-0)
4/3
Senate Concur - House Amendment
Third Reading Passed (47-0)
Passed Enrolled
5/22
Signed by the Governor Chapter 607
House Action
3/14
First Reading Judiciary
3/18
Hearing 3/26 at 1:00 p.m.
3/27
Favorable with Amendments Report by Judiciary
3/25
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/27
Special Order next session (Delegate Redmer) Adopted
Third Reading Passed with Amendments (131-2)
Bill indexed under the following Subjects:
ESTATES AND TRUSTS -see also- FIDUCIARIES
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
Bill affects the following Statute:
Estates and Trusts
( 15-115 )

Documents:

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

Amendments:
Senate
Number: 618846/1 (PDF) Offered on: MARCH 11, 1997 at: 11:25 Status: Adopted
House
Number: 041685/1 (PDF) Offered on: MARCH 27, 1997 at: 10:48 Status: Adopted