2004 Regular Session

SENATE BILL 685

File Code: Estates and Trusts
Sponsored By:
Senators Gladden and Giannetti
Entitled:
Maryland Uniform Transfers to Minors Act - Qualified Minor's Trust

Synopsis:

Authorizing a custodian for a minor under the Maryland Uniform Transfers to Minors Act to transfer part or all of the custodial property to a qualified minor's trust without a court order; providing that the transfer of custodial property to a qualified minor's trust terminates the custodianship of that property to the extent of the transfer; and defining "qualified minor's trust".

History by Legislative Date

Senate Action
2/6
First Reading Judicial Proceedings
2/11
Hearing 3/11 at 1:00 p.m.
3/23
Favorable Report by Judicial Proceedings
Favorable Report Adopted
Second Reading Passed
3/24
Third Reading Passed (47-0)
House Action
3/24
First Reading Judiciary
3/26
Hearing 4/6 at 1:00 p.m.
4/10
Unfavorable Report by Judiciary
Sponsored by:
Senator Lisa A. Gladden, District 41
Senator John A. Giannetti, Jr., District 21
Bill indexed under the following Subjects:
ESTATES AND TRUSTS
MINORS -see also- AGE OF MAJORITY; YOUTH
UNIFORM LAWS
Bill affects the following Statutes:
Estates and Trusts
( 13-301 , 13-301 , 13-301 , 13-314 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Vote (Legislative date is shown):
Senate
March 24, 2004: Third Reading Passed (47-0)