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Legislation


2004 Regular Session

SENATE BILL 153

CHAPTER NUMBER: 254 File Code: Estates and Trusts Crossfiled with: HOUSE BILL 617
Sponsored By:
Senators Garagiola and Giannetti
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 that the Act applies to all trusts existing on or after June 1, 2004; etc.

History by Legislative Date

Senate Action
1/23
First Reading Judicial Proceedings
1/28
Hearing 2/3 at 1:00 p.m.
2/17
Favorable with Amendments Report by Judicial Proceedings
2/18
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
2/20
Third Reading Passed (44-0)
4/5
Returned Passed
5/11
Signed by the Governor Chapter 254
House Action
2/23
First Reading Judiciary
3/17
Hearing 3/31 at 1:00 p.m.
4/5
Favorable Report by Judiciary
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (139-0)
Sponsored by:
Senator Rob Garagiola, District 15
Senator John A. Giannetti, Jr., District 21
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:
Senate
Number: 768873/01 (PDF)     Offered on: February 18, 2004   at: 10:20 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
February 20, 2004: Third Reading Passed (44-0)
House
April 3, 2004: Third Reading Passed (139-0)
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