Ryan McDougle
- Republican
- Senator
- District 26
Primary
Termination of trust; notice requirements. Provides that a trustee seeking to terminate a trust consisting of trust property that has a total value of less than $100,000 may do so without a court order, provided that the trustee sends notice, as specified in the bill, to any qualified beneficiaries or cotrustees. This bill is identical to HB 332.
Termination of trust; notice requirements. Provides that a trustee seeking to terminate a trust may do so without a court order, provided that the trustee sends notice, subject to certain provisions enumerated in the bill, to any qualified beneficiaries or cotrustees. The bill also provides that a qualified beneficiary or cotrustee who objects to the termination of the trust may provide to the trustee seeking to terminate the trust written notice of such objection within 60 days of receipt of the notice of termination. This bill is identical to HB 332.
Acts of Assembly Chapter text (CHAP0336)
Approved by Governor-Chapter 336 (effective 7/1/24)
Governor's Action Deadline 11:59 p.m., April 8, 2024
Enrolled Bill Communicated to Governor on March 11, 2024
Signed by President
Signed by Speaker
Bill text as passed Senate and House (SB63ER)
Enrolled
VOTE: Block Vote Passage (100-Y 0-N)
Passed House BLOCK VOTE (100-Y 0-N)
Read third time
Read second time
Reported from Courts of Justice (22-Y 0-N)
Read first time
Placed on Calendar
Referred to Committee for Courts of Justice
Read second time
Constitutional reading dispensed (40-Y 0-N)
Passed Senate (40-Y 0-N)
Constitutional reading dispensed (40-Y 0-N)
Engrossed by Senate - committee substitute SB63S1
Committee substitute agreed to 24105821D-S1
Reading of substitute waived
Senate committee, floor amendments and substitutes offered
Committee substitute printed 24105821D-S1
Reported from Courts of Justice with substitute (14-Y 0-N)
Moved from Judiciary to Courts of Justice due to a change of the committee name
Referred to Committee for Courts of Justice
Prefiled and ordered printed; offered 01/10/24 24101044D
| Bill Text Versions | Format |
|---|---|
| Prefiled and ordered printed; offered 01/10/24 24101044D | PDF HTML |
| Committee substitute printed 24105821D-S1 | PDF HTML |
| SB63ER | PDF HTML |
| CHAP0336 | PDF HTML |
| Document | Format |
|---|---|
| No related documents. |
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