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CS/CS/HB 481: Trusts

GENERAL BILL by Judiciary Committee ; Civil Justice and Claims Subcommittee ; Moraitis

Trusts; Deletes requirement that trust be for benefit of trust's beneficiaries; revises requirements for notice or sending of electronic trust documents; provides AG has standing in certain proceedings; authorizes trustee to appoint principal of trust to second trust or supplemental needs trust; provides requirements for second trust & its beneficiaries; prohibits distribution of principal of trust in manner that would reduce specified tax benefits; clarifies that certain knowledge by beneficiary does not cause a claim for breach of trust or commence running of limitations period or laches; provides for retroactive application.

Effective Date: 7/1/2017
Last Action: 5/5/2017 Senate - Died in Judiciary, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155)
Bill Text: PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Banking and Insurance (BI)
  3. Rules (RC)



Bill History

Date Chamber Action
1/24/2017 House • Filed
2/6/2017 House • Referred to Civil Justice and Claims Subcommittee; Judiciary Committee -HJ 66
2/16/2017 House • PCS on Committee agenda-- Civil Justice and Claims Subcommittee, 02/23/17, 9:30 am, Sumner Hall
2/23/2017 House • CS by Civil Justice and Claims Subcommittee; YEAS 14 NAYS 0 -HJ 277
2/27/2017 House • Pending review of CS under Rule 7.18(c)
2/28/2017 House • Now in Judiciary Committee -HJ 269
3/7/2017 House • Introduced -HJ 66
• CS by Civil Justice and Claims Subcommittee read 1st time -HJ 264
4/4/2017 House • On Committee agenda-- Judiciary Committee, 04/06/17, 8:00 am, Sumner Hall
4/6/2017 House • CS/CS by- Judiciary Committee; YEAS 15 NAYS 0 -HJ 597
• Pending review of CS -under Rule 7.18(c)
• CS/CS by Judiciary Committee read 1st time -HJ 596
4/7/2017 House • Placed on Calendar -HJ 601
4/13/2017 House • Placed on Special Order Calendar, 04/18/17
4/18/2017 House • Placed on Special Order Calendar, 04/19/17
4/19/2017 House • Read 2nd time -HJ 742
• Amendment(s) adopted (839065) -HJ 743
• Placed on 3rd reading
4/20/2017 House • Read 3rd time -HJ 772
• CS passed as amended; YEAS 116 NAYS 0 -HJ 772
4/25/2017 Senate • In Messages
• Referred to Judiciary; Banking and Insurance; Rules -SJ 455
• Received -SJ 455
5/5/2017 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Judiciary, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155)