Roger Niello
- Republican
- Senator
- District 6
Author
Existing law establishes procedures for the creation, modification, and termination of a trust, and regulates the administration of trusts by trustees on behalf of beneficiaries. Existing law authorizes a trustee to terminate a trust if the principal of a trust does not exceed $50,000 in value. This bill would instead grant a trustee the power to terminate a trust if the fair market value of its principal does not exceed $100,000 in value.
Approved by the Governor.
Chaptered by Secretary of State. Chapter 76, Statutes of 2024.
Enrolled and presented to the Governor at 1:30 p.m.
Assembly amendments concurred in. (Ayes 36. Noes 0. Page 4628.) Ordered to engrossing and enrolling.
Ordered to special consent calendar.
Read third time. Passed. (Ayes 63. Noes 0. Page 5792.) Ordered to the Senate.
In Senate. Concurrence in Assembly amendments pending.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 8. Noes 0.) (June 4).
From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
In Assembly. Read first time. Held at Desk.
Read third time. Passed. (Ayes 39. Noes 0. Page 3575.) Ordered to the Assembly.
Read second time. Ordered to consent calendar.
From committee: Do pass. Ordered to consent calendar. (Ayes 11. Noes 0. Page 3447.) (April 2).
Set for hearing April 2.
From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.
From printer. May be acted upon on or after March 15.
Introduced. Read first time. To Com. on RLS. for assignment. To print.
| Bill Text Versions | Format |
|---|---|
| SB1127 | HTML |
| 02/13/24 - Introduced | |
| 03/18/24 - Amended Senate | |
| 05/28/24 - Amended Assembly | |
| 06/21/24 - Enrolled | |
| 07/02/24 - Chaptered |
| Document | Format |
|---|---|
| 03/29/24- Senate Judiciary | |
| 04/05/24- Sen. Floor Analyses | |
| 05/31/24- Assembly Judiciary | |
| 06/12/24- Sen. Floor Analyses |
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