CS/CS/SB 1554: Trusts
GENERAL BILL by Banking and Insurance ; Judiciary ; Young
Trusts; Deleting a requirement that a trust be for the benefit of the trust’s beneficiaries; revising provisions relating to notice or sending of electronic trust documents; providing that the Attorney General has standing to assert certain rights in certain proceedings; deleting a restriction on the purpose for which a trust is created, 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, 2017
Last Action: 5/5/2017 Senate - Died in Rules, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155)
Bill Text: Web Page | PDF
Last Action: 5/5/2017 Senate - Died in Rules, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155)
Bill Text: Web Page | PDF
Senate Committee References:
- Judiciary (JU)
- Banking and Insurance (BI)
- Rules (RC)
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Bill History
Date Chamber Action 3/2/2017 Senate • Filed
3/14/2017 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 201
3/15/2017 Senate • Introduced -SJ 201
3/17/2017 Senate • On Committee agenda-- Judiciary, 03/22/17, 4:00 pm, 110 Senate Office Building
3/22/2017 Senate • CS by Judiciary; YEAS 8 NAYS 0 -SJ 258
3/24/2017 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
3/28/2017 Senate • Now in Banking and Insurance -SJ 258
3/29/2017 Senate • CS by Judiciary read 1st time -SJ 269
4/12/2017 Senate • On Committee agenda-- Banking and Insurance, 04/17/17, 4:00 pm, 110 Senate Office Building
4/17/2017 Senate • CS/CS by Banking and Insurance; YEAS 7 NAYS 0 -SJ 435
4/18/2017 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
4/19/2017 Senate • Now in Rules -SJ 435
• CS/CS by Banking and Insurance read 1st time -SJ 438
5/5/2017 Senate • Indefinitely postponed and withdrawn from consideration
• Died in Rules, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155)
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CS/CS/SB 1554, Committee Substitute 2 (Current Bill Version) Posted 4/18/2017 at 2:25 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (5)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 481 (e1) Trusts Civil Justice and Claims Subcommittee Similar Last Action: 5/5/2017 S Died in Judiciary, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155) 
H 277 (er) Wills and Trusts Grant, White Compare Last Action: 3/12/2018 H Veto Message transmitted to Secretary of State
H 1379 (er) Department of Legal Affairs Diaz Compare Last Action: 6/26/2017 Chapter No. 2017-155
S 206 (e1) Wills and Trusts Passidomo Compare Last Action: 4/28/2017 S Laid on Table, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155) -SJ 553
S 1626 (c1) Department of Legal Affairs Bradley Compare Last Action: 5/3/2017 S Laid on Table, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155) -SJ 686
Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 736.0103 Definitions. Page 3 (pdf) 736.0105 Default and mandatory rules. Page 4 (pdf) 736.0109 Methods and waiver of notice. Page 4 (pdf) 736.0110 Others treated as qualified beneficiaries. Page 10 (pdf) 736.0404 Trust purposes. Page 10 (pdf) 736.04117 Trustee’s power to invade principal in trust. Page 10 (pdf) 736.0708 Compensation of trustee. Page 21 (pdf) 736.08135 Trust accountings. Page 21 (pdf) 736.1008 Limitations on proceedings against trustees. Page 22 (pdf) 736.1201 Definitions. Page 23 (pdf) 736.1205 Notice that this part does not apply. Page 23 (pdf) 736.1206 Power to amend trust instrument. Page 23 (pdf) 736.1207 Power of court to permit deviation. Page 24 (pdf) 736.1208 Release; property and persons affected; manner of effecting. Page 24 (pdf) 736.1209 Election to come under this part. Page 24 (pdf) -
CS/SB 1554, Committee Substitute 1 Posted 3/24/2017 at 10:14 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 4/14/2017 (pdf)
Banking and Insurance (Post-Meeting) 4/18/2017 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 481 (c2) Trusts Civil Justice and Claims Subcommittee Similar Last Action: 5/5/2017 S Died in Judiciary, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155)
H 1379 (c1) Department of Legal Affairs Diaz Compare Last Action: 6/26/2017 Chapter No. 2017-155
S 1626 (c1) Department of Legal Affairs Bradley Compare Last Action: 5/3/2017 S Laid on Table, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155) -SJ 686
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 939788 - Amendment
Delete lines 194 - 234 and insert:Banking and Insurance
(Young)4/14/2017
1:50 PMReplaced by Committee Substitute
4/17/2017Web Page
PDFCommittee Votes (1)
Date Committee Result 4/17/2017 4:00 PM Banking and Insurance 7 Yeas - 0 Nays Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 736.0103 Definitions. Page 3 (pdf) 736.0105 Default and mandatory rules. Page 4 (pdf) 736.0109 Methods and waiver of notice. Page 4 (pdf) 736.0110 Others treated as qualified beneficiaries. Page 9 (pdf) 736.0404 Trust purposes. Page 10 (pdf) 736.04117 Trustee’s power to invade principal in trust. Page 10 (pdf) 736.0708 Compensation of trustee. Page 21 (pdf) 736.08135 Trust accountings. Page 21 (pdf) 736.1008 Limitations on proceedings against trustees. Page 21 (pdf) 736.1201 Definitions. Page 23 (pdf) 736.1205 Notice that this part does not apply. Page 23 (pdf) 736.1206 Power to amend trust instrument. Page 23 (pdf) 736.1207 Power of court to permit deviation. Page 24 (pdf) 736.1208 Release; property and persons affected; manner of effecting. Page 24 (pdf) 736.1209 Election to come under this part. Page 24 (pdf) -
SB 1554, Original Filed Version Posted 3/2/2017 at 4:12 PM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 3/21/2017 (pdf)
Judiciary (Post-Meeting) 3/24/2017 (pdf)
Related Bills (3)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 481 (c1) Trusts Civil Justice and Claims Subcommittee Similar Last Action: 5/5/2017 S Died in Judiciary, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155)
H 1379 (c1) Department of Legal Affairs Diaz Compare Last Action: 6/26/2017 Chapter No. 2017-155
S 1626 Department of Legal Affairs Bradley Compare Last Action: 5/3/2017 S Laid on Table, companion bill(s) passed, see CS/HB 1379 (Ch. 2017-155) -SJ 686
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 508936 - Amendment
Delete lines 216 - 395 and insert:Judiciary
(Young)3/21/2017
3:43 PMReplaced by Committee Substitute
3/23/2017Web Page
PDFCommittee Votes (1)
Date Committee Result 3/22/2017 4:00 PM Judiciary 8 Yeas - 0 Nays Citations - Statutes (15)
Citation Catchline Location in Bill Location In Bill Help 736.0103 Definitions. Page 3 (pdf) 736.0105 Default and mandatory rules. Page 4 (pdf) 736.0109 Methods and waiver of notice. Page 4 (pdf) 736.0110 Others treated as qualified beneficiaries. Page 9 (pdf) 736.0404 Trust purposes. Page 10 (pdf) 736.04117 Trustee’s power to invade principal in trust. Page 10 (pdf) 736.0708 Compensation of trustee. Page 21 (pdf) 736.08135 Trust accountings. Page 21 (pdf) 736.1008 Limitations on proceedings against trustees. Page 21 (pdf) 736.1201 Definitions. Page 23 (pdf) 736.1205 Notice that this part does not apply. Page 23 (pdf) 736.1206 Power to amend trust instrument. Page 23 (pdf) 736.1207 Power of court to permit deviation. Page 24 (pdf) 736.1208 Release; property and persons affected; manner of effecting. Page 24 (pdf) 736.1209 Election to come under this part. Page 24 (pdf)