1999 Regular Session

HOUSE BILL 771

CHAPTER NUMBER: 664 File Code: Estates and Trusts
Sponsored By:
Delegate Finifter
Entitled:
Estates and Trusts - Distribution in Kind

Synopsis:

Clarifying that the portion of an intestate share or statutory share that is payable in cash may be satisfied by distribution of value in kind if the person entitled to payment has not demanded payment in cash under specified circumstances; and clarifying that a person entitled to an intestate or statutory share is not entitled to demand that the person's entire share be paid in cash unless the entire estate is comprised of cash.

History by Legislative Date

House Action
2/12
First Reading Judiciary
2/16
Hearing 3/5 at 1:00 p.m.
3/15
Favorable Report by Judiciary
3/16
Favorable Report Adopted
Second Reading Passed
3/18
Third Reading Passed (134-1)
4/4
Return Passed
5/27
Signed by the Governor Chapter 664
Senate Action
3/19
First Reading Judicial Proceedings
3/24
Hearing 3/31 at 1:00 p.m.
4/5
Favorable Report by Judicial Proceedings
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (46-0)
Bill indexed under the following Subjects:
ESTATES AND TRUSTS -see also- FIDUCIARIES
PERSONAL PROPERTY
REAL PROPERTY
Bill affects the following Statute:
Estates and Trusts
( 9-104 )

Documents:

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

Amendments: None offered
Roll Call Votes (Legislative dates are shown):
House
March 18, 1999: Third Reading Passed (134-1)
Senate
April 6, 1999: Third Reading Passed (46-0)