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Legislation


2004 Regular Session

HOUSE BILL 617

File Code: Estates and Trusts Crossfiled with: SENATE BILL 153
Sponsored By:
Delegates Vallario and Simmons
Entitled:
Trusts - Termination by Corporate Fiduciary

Synopsis:

Altering from $50,000 to $100,000 the maximum amount of the fair market value of a trust that a corporate fiduciary acting as a trustee may terminate without an order of court; repealing the registered mail option for sending specified notices and objections; providing for the application of the Act; etc.

History by Legislative Date

House Action
2/4
First Reading Judiciary
2/18
Hearing 3/5 at 1:00 p.m.
3/15
Favorable with Amendments Report by Judiciary
3/16
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (139-0)
4/5
Returned Passed
5/26
Governor vetoed - Cross-filed bill was signed
Senate Action
3/22
First Reading Judicial Proceedings
4/7
Favorable Report by Judicial Proceedings
4/5
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (47-0)
Sponsored by:
Delegate Joseph F. Vallario, Jr., District 27A
Delegate Luiz R. S. Simmons, District 17
Bill indexed under the following Subjects:
BANKS AND TRUST COMPANIES
ESTATES AND TRUSTS
FIDUCIARIES
NOTICES
POSTAL SERVICE
Bill affects the following Statute:
Estates and Trusts
( 14-107 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 492717/01 (PDF)     Offered on: March 16, 2004   at: 11:43 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 19, 2004: Third Reading Passed (139-0)
Senate
April 6, 2004: Third Reading Passed (47-0)
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