Bill Summary

SB 478 Trusts (2018 Session)
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Sponsors
by Hukill Co Sponsors: Young
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Summary
Trusts; Deleting a requirement that a trust and its terms be for the benefit of the trust’s beneficiaries; revising provisions relating to notice or sending of trust documents to include posting on a secure electronic account or website; authorizing an authorized trustee to appoint all or part of the principal of a trust to a second trust under certain circumstances; clarifying that certain knowledge by a beneficiary does not cause a claim to accrue for breach of trust or commence the running of a period of limitations or laches, etc. Effective Date: Except as otherwise provided in this act and except for this section, which shall take effect upon becoming a law, this act shall take effect July 1, 2018
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committees of reference
   S Judiciary
   S Banking and Insurance
   S Rules
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Actions
10/10/17
SENATE
Filed
10/25/17
SENATE
Referred to Judiciary; Banking and Insurance; Rules
01/05/18
SENATE
On Committee agenda - Judiciary, 01/10/18, 2:00 pm, 110 S
01/10/18
SENATE
Favorable by Judiciary; 10 Yeas, 0 Nays
01/10/18
SENATE
Now in Banking and Insurance
01/25/18
SENATE
On Committee agenda - Banking and Insurance, 01/30/18, 10:00 am, 110 S
01/30/18
SENATE
Favorable by Banking and Insurance; 10 Yeas, 0 Nays
01/30/18
SENATE
Now in Rules
02/02/18
SENATE
On Committee agenda - Rules, 02/07/18, 4:00 pm, 110 S
02/07/18
SENATE
Favorable by Rules; 11 Yeas, 0 Nays
02/07/18
SENATE
Placed on Calendar, on 2nd reading
02/19/18
SENATE
Placed on Special Order Calendar, 02/21/18
02/21/18
SENATE
Read Second Time; Substituted for HB 0413; Laid on Table, Refer to HB 0413
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bill text & filed amendments
0478
Filed on 10/10/17
PDF
No amendments to this bill text filed.
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Statute Citations
736.0103
736.0105
736.0109
736.0404
736.04117
736.08135
736.1008
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