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SB 478: Trusts

GENERAL BILL by Hukill ; (CO-INTRODUCERS) Young

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
Last Action: 2/21/2018 Senate - Laid on Table, companion bill(s) passed, see HB 413 (Ch. 2018-35) -SJ 372
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Banking and Insurance (BI)
  3. Rules (RC)

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