2001 Regular Session

HOUSE BILL 956

File Code: Estates and Trusts Crossfiled with: SENATE BILL 662
Sponsored By:
Delegate Dembrow
Entitled:
Uniform Principal and Income Act - Adjustments Between Principal and Income

Synopsis:

Authorizing a trustee to make adjustments between principal and income under specified circumstances; requiring a trustee to give notice to specified beneficiaries of a proposed decision to exercise or not to exercise the power to adjust; providing for judicial review of a proposed decision; etc.

History by Legislative Date

House Action
2/9
First Reading Judiciary
2/13
Hearing 3/15 at 1:00 p.m.
4/6
Favorable with Amendments Report by Judiciary
4/1
Favorable with Amendments Report Adopted
Floor Committee Amendment Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed (136-0)
Senate Action
4/5
First Reading Judicial Proceedings
Motion Rules Suspended (Senator Mitchell) Adopted
Bill indexed under the following Subjects:
ESTATES AND TRUSTS
INVESTMENTS -see also- SECURITIES
JUDICIAL REVIEW -see also- APPEALS
NOTICES
UNIFORM LAWS
Bill affects the following Statutes:
Estates and Trusts
( 15-502 , 15-502.1 , 15-502.2 , 15-515 , 15-520 , 15-528 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 072714/1 (PDF)     Offered on: April 6, 2001   at: 11:02 a.m.     Status: Adopted
Number: 712515/1 (PDF)     Offered on: April 6, 2001   at: 11:03 a.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
April 3, 2001: Third Reading Passed (136-0)