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Legislation


1998 Regular Session

HOUSE BILL 495

CHAPTER NUMBER: 694 File Code: Estates and Trusts Crossfiled with: SENATE BILL 406
Sponsored By:
Delegates Dembrow and Gordon
Entitled:
Estates and Trusts - Rule Against Perpetuities

Synopsis:

Exempting from the common-law rule against perpetuities a trust in which the governing instrument states that the rule against perpetuities does not apply and under which the trustee has specified powers.

History by Legislative Date

House Action
2/5
First Reading Judiciary
2/11
Hearing 2/26 at 1:00 p.m.
3/9

Favorable with Amendments Report by Judiciary
3/10
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/13
Third Reading Passed (135-2)
4/4
Return Passed
5/21
Signed by the Governor Chapter 694
Senate Action
3/16
First Reading Judicial Proceedings
4/6
Favorable Report by Judicial Proceedings
4/7
Favorable Report Adopted
Second Reading Passed
4/8
Third Reading Passed (47-0)
Sponsored by:
Delegate Dana Lee Dembrow, District 20
Delegate Michael R. Gordon, District 17
Bill indexed under the following Subjects:
ESTATES AND TRUSTS -see also- FIDUCIARIES
REAL PROPERTY
RULES AND REGULATIONS
Bill affects the following Statute:
Estates and Trusts
( 11-102 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 481792/1 (PDF)     Offered on: March 10, 1998   at: 10:47 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 13, 1998: Third Reading Passed (135-2)
Senate
April 8, 1998: Third Reading Passed (47-0)
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