2001 Regular Session

SENATE BILL 662

File Code: Estates and Trusts Crossfiled with: HOUSE BILL 956
Sponsored By:
Senator Baker
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; and providing for judicial review of a proposed decision.

History by Legislative Date

Senate Action
2/2
First Reading Judicial Proceedings
2/7
Hearing 2/14 at 1:00 p.m.
2/27
Favorable with Amendments Report by Judicial Proceedings
2/28
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/5
Third Reading Passed (46-0)
4/5
Senate Refuses to Concur - House Amendments
Senate Requests House Recede
Conference Committee Appointed ...
Senators Jimeno, Haines, and Colburn
House Action
3/6
First Reading Judiciary
3/20
Hearing 3/28 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
4/2
Third Reading Passed with Amendments (136-0)
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:
Senate
Number: 588972/2 (PDF)     Offered on: February 28, 2001   at: 10:35 a.m.     Status: Adopted
House
Number: 712419/1 (PDF)     Offered on: April 6, 2001   at: 11:18 a.m.     Status: Adopted
Number: 762612/1 (PDF)     Offered on: April 6, 2001   at: 11:19 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 5, 2001: Third Reading Passed (46-0)
House
April 2, 2001: Third Reading Passed (136-0)