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Glossary of Legislative Terms

HB 413: Trusts

GENERAL BILL by Moraitis

Trusts; Deletes requirement that trust & its terms be for benefit of trust's beneficiaries; revises provisions relating to notice or sending of trust documents to include posting on secure electronic account or website; tolls specified limitations periods under certain circumstances; authorizes authorized trustee to appoint all or part of principal of trust to second trust or supplemental needs trust under certain circumstances; clarifies that certain knowledge by beneficiary does not cause claim to accrue for breach of trust or commence running of period of limitations or laches; provides retroactive application.

Effective Date: 7/1/2018
Last Action: 3/21/2018 - Chapter No. 2018-35
Bill Text: PDF


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Bill History

Date Chamber Action
10/24/2017 House • Filed
11/1/2017 House • Referred to Civil Justice and Claims Subcommittee; Judiciary Committee -HJ 38
11/29/2017 House • On Committee agenda-- Civil Justice and Claims Subcommittee, 12/06/17, 4:00 pm, Sumner Hall
12/6/2017 House • Favorable by Civil Justice and Claims Subcommittee; YEAS 9 NAYS 0 -HJ 259
12/7/2017 House • Now in Judiciary Committee -HJ 259
1/9/2018 House • Introduced -HJ 37
• On Committee agenda-- Judiciary Committee, 01/11/18, 8:30 am, Sumner Hall
1/11/2018 House • Favorable by- Judiciary Committee; YEAS 19 NAYS 0 -HJ 320
• Placed on Calendar -HJ 320
1/18/2018 House • Placed on Special Order Calendar, 01/24/18
1/24/2018 House • Read 2nd time -HJ 399
• Placed on 3rd reading
1/25/2018 House • Read 3rd time -HJ 421
• Passed; YEAS 107 NAYS 0 -HJ 421, 422
1/31/2018 Senate • In Messages
2/1/2018 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 264
• Received -SJ 264
2/21/2018 Senate • Withdrawn from Judiciary; Banking and Insurance; Rules -SJ 372
• Placed on Calendar, on 2nd reading -SJ 372
• Substituted for SB 478 -SJ 372
• Read 2nd time -SJ 372
• Placed on 3rd reading
2/27/2018 Senate • Read 3rd time -SJ 400
• Passed; YEAS 35 NAYS 0 -SJ 400
2/27/2018 House • Ordered enrolled -HJ 683
3/9/2018 • Signed by Officers and presented to Governor
3/19/2018 • Approved by Governor
3/21/2018 • Chapter No. 2018-35