SENATE BILL 3

Sponsored By:

Senator 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 under specified circumstances; 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; defining "qualified minor's trust"; and providing for the application of the Act.

History by Legislative Date

Senate Action

11/15

Pre-filed

1/12

First Reading Judicial Proceedings

Hearing 1/20 at 1:00 p.m.

2/15

Favorable Report by Judicial Proceedings

2/16

Favorable Report Adopted

Second Reading Passed

2/18

Third Reading Passed (47-0)

4/7

Senate Concur - House Amendments

Third Reading Passed (47-0)

Passed Enrolled

House Action

2/21

First Reading Judiciary

3/16

Hearing 3/30 at 1:00 p.m.

4/7

Favorable with Amendments Report by Judiciary

4/2

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/4

Third Reading Passed with Amendments (135-0)

Action after passage in Senate and House

5/26

Signed by the Governor Chapter 455

Bill indexed under the following Subjects:

DISCLOSURE

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

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):

House

Number: 012417/01 (PDF)     Offered on: April 7, 2005   at: 11:19 a.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

February 18, 2005: Third Reading Passed (47-0)

April 7, 2005: Third Reading Passed (47-0)

House

April 4, 2005: Third Reading Passed (135-0)