SENATE BILL 435

File Code: Estates and Trusts

Sponsored By:

Senator Frosh

Entitled:

Estates and Trusts - Personal Representatives and Fiduciaries - Powers

Synopsis:

Authorizing a personal representative to become a limited partner in any partnership or a member in any limited liability company, including a single member limited liability company; and authorizing a fiduciary to continue as or become a member in any limited liability company, including a single member limited liability company.

History by Legislative and Calendar Date

Senate Action

2/2

First Reading Judicial Proceedings

2/7

Hearing 2/14 at 1:00 p.m.

3/13

Favorable Report by Judicial Proceedings

3/14

Favorable Report Adopted

Second Reading Passed

3/16

Third Reading Passed (44-0)

House Action

3/16

First Reading Judiciary

3/21

Hearing 3/27 at 1:00 p.m.

Bill indexed under the following Subjects:

Fiduciaries

Limited Liability Companies

Partnerships

Personal Representatives

Bill affects the following Statutes:

Estates and Trusts

( 7-401 , 15-102 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

March 16, 2007: Third Reading Passed (44-0)