HOUSE BILL 771

Sponsored By:

Delegate Finifter

Entitled:

Estates and Trusts - Distribution in Kind

Synopsis:

Clarifying that the portion of an intestate share or statutory share that is payable in cash may be satisfied by distribution of value in kind if the person entitled to payment has not demanded payment in cash under specified circumstances; and clarifying that a person entitled to an intestate or statutory share is not entitled to demand that the person's entire share be paid in cash unless the entire estate is comprised of cash.

History by Legislative Date

House Action

2/12

First Reading Judiciary

2/16

Hearing 3/5 at 1:00 p.m.

3/15

Favorable Report by Judiciary

3/16

Favorable Report Adopted

Second Reading Passed

3/18

Third Reading Passed (134-1)

4/4

Return Passed

5/27

Signed by the Governor Chapter 664

Senate Action

3/19

First Reading Judicial Proceedings

3/24

Hearing 3/31 at 1:00 p.m.

4/5

Favorable Report by Judicial Proceedings

Favorable Report Adopted

Second Reading Passed

4/6

Third Reading Passed (46-0)

Bill indexed under the following Subjects:

ESTATES AND TRUSTS -see also- FIDUCIARIES

PERSONAL PROPERTY

REAL PROPERTY

Bill affects the following Statute:

Estates and Trusts

( 9-104 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

House

March 18, 1999: Third Reading Passed (134-1)

Senate

April 6, 1999: Third Reading Passed (46-0)