Bill Summary
HB 481 Trusts (2017 Session)
Trusts: Deletes requirement that trust be for benefit of trust's beneficiaries; revises requirements for notice or sending of electronic trust documents; provides AG has standing in certain proceedings; authorizes trustee to appoint principal of trust to second trust or supplemental needs trust; provides requirements for second trust & its beneficiaries; prohibits distribution of principal of trust in manner that would reduce specified tax benefits; clarifies that certain knowledge by beneficiary does not cause a claim for breach of trust or commence running of limitations period or laches; provides for retroactive application. Effective Date: July 1, 2017
01/24/17
HOUSE
Filed
02/06/17
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Referred to Civil Justice & Claims Subcommittee; Judiciary Committee
02/06/17
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Now in Civil Justice & Claims Subcommittee
02/16/17
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On Committee agenda - Civil Justice & Claims Subcommittee, 02/23/17, 9:30 am, 404 H - PCS
02/23/17
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Favorable with CS by Civil Justice & Claims Subcommittee; 14 Yeas, 0 Nays
02/27/17
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Committee Substitute Text (C1) Filed
02/28/17
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Now in Judiciary Committee
04/04/17
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On Committee agenda - Judiciary Committee, 04/06/17, 8:00 am, 404 H
04/06/17
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Favorable with CS by Judiciary Committee; 15 Yeas, 0 Nay
04/06/17
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Committee Substitute Text (C2) Filed
04/07/17
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Placed on Calendar, on 2nd reading
04/13/17
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Placed on Special Order Calendar, 04/18/17
04/18/17
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Placed on Special Order Calendar, 04/19/17
04/19/17
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Read Second Time; Amendment Adopted (839065); Placed on Third Reading, 04/20/17
04/19/17
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Engrossed Text (E1) Filed
04/20/17
HOUSE
Read Third Time; Passed (Vote: 116 Yeas / 0 Nays)
04/25/17
SENATE
In Messages
04/25/17
SENATE
Received; Referred to Judiciary; Banking and Insurance; Rules
05/05/17
SENATE
Indefinitely postponed and withdrawn from consideration
05/08/17
SENATE
Died in Judiciary
No amendments to this bill text filed.
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