Eloise Reyes
- Democratic
- Senator
- District 29
Author
Existing law regulates trust administration and requires a trustee to administer the trust according to the trust instrument, as specified. Existing law defines a charitable trust and prescribes the duties of the trustee of a charitable trust. This bill, on and after July 1, 2022, would require a trustee holding assets subject to a charitable trust to give written notice to the Attorney General at least 20 days before the trustee sells, leases, conveys, exchanges, transfers, or otherwise disposes of all or substantially all of the charitable assets. The bill would require the Attorney General to establish rules and regulations to administer these provisions.
Chaptered by Secretary of State - Chapter 708, Statutes of 2021.
Approved by the Governor.
Enrolled and presented to the Governor at 2 p.m.
Read third time. Passed. Ordered to the Assembly. (Ayes 28. Noes 8. Page 2621.).
Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 59. Noes 14. Page 3141.).
In Assembly. Concurrence in Senate amendments pending.
Read second time. Ordered to third reading.
From committee: Be ordered to second reading pursuant to Senate Rule 28.8.
Re-referred to Com. on APPR pursuant to Joint Rule 10.5.
Read second time. Ordered to third reading.
Read third time and amended. Ordered to second reading.
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 8. Noes 2.) (June 15).
In committee: Set, first hearing. Hearing canceled at the request of author.
In Senate. Read first time. To Com. on RLS. for assignment.
Read third time. Passed. Ordered to the Senate. (Ayes 54. Noes 15. Page 861.)
Read second time. Ordered to third reading.
From committee: Do pass. (Ayes 9. Noes 2.) (March 23).
From printer. May be heard in committee March 20.
Read first time. To print.
| Bill Text Versions | Format |
|---|---|
| AB900 | HTML |
| 02/17/21 - Introduced | |
| 09/01/21 - Amended Senate | |
| 09/15/21 - Enrolled | |
| 10/08/21 - Chaptered |
| Document | Format |
|---|---|
| 03/19/21- Assembly Judiciary | |
| 03/24/21- ASSEMBLY FLOOR ANALYSIS | |
| 06/11/21- Senate Judiciary | |
| 06/18/21- Sen. Floor Analyses | |
| 09/07/21- Sen. Floor Analyses | |
| 09/10/21- ASSEMBLY FLOOR ANALYSIS |
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