CS/SB 978: Florida Uniform Principal and Income Act
GENERAL BILL by Judiciary; Fasano
Florida Uniform Principal and Income Act; Deleting a provision authorizing a trustee to release the power to adjust between principal and income if the trustee desires to convert the form of certain trusts; deleting a duplicative provision relating to conclusive determinations of the terms of a unitrust; revising provisions relating to the determination and distribution of net income; substituting the term “fiduciary” for “trustee” to clarify that provisions apply to all fiduciaries; revising provisions relating to the allocation between income and principal when liquidating assets, etc.
Senate Committee References: Judiciary (JU) , Banking and Insurance (BI) , Budget (BC)
Last Action: 03/09/2012 Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1050 (Ch. 2012-49)
Effective Date: January 1, 2013
Bill History
| Date | Chamber | Action |
|---|---|---|
| 11/16/2011 | Senate | • Filed |
| 12/06/2011 | Senate | • Referred to Judiciary; Banking and Insurance; Budget -SJ 81 |
| 01/10/2012 | Senate | • Introduced -SJ 81 |
| 01/20/2012 | Senate | • On Committee agenda-- Judiciary, 01/25/12, 3:30 pm, 110 Senate Office Building |
| 01/25/2012 | Senate | • CS by Judiciary; YEAS 6 NAYS 0 -SJ 280 |
| 01/26/2012 | Senate | • Pending reference review under Rule 4.7(2) - (Committee Substitute) |
| 01/27/2012 | Senate | • Now in Banking and Insurance -SJ 280 • CS by Judiciary read 1st time -SJ 287 |
| 03/09/2012 | Senate | • Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1050 (Ch. 2012-49) |
