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
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:
- Judiciary (JU)
- Banking and Insurance (BI)
- Rules (RC)
-
Bill History
Date Chamber Action 10/10/2017 Senate • Filed
10/25/2017 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 39
1/5/2018 Senate • On Committee agenda-- Judiciary, 01/10/18, 2:00 pm, 110 Senate Office Building
1/9/2018 Senate • Introduced -SJ 39
1/10/2018 Senate • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 141
• Now in Banking and Insurance -SJ 141
1/25/2018 Senate • On Committee agenda-- Banking and Insurance, 01/30/18, 10:00 am, 110 Senate Office Building
1/30/2018 Senate • Favorable by Banking and Insurance; YEAS 10 NAYS 0 -SJ 226
• Now in Rules -SJ 226
2/2/2018 Senate • On Committee agenda-- Rules, 02/07/18, 4:00 pm, 110 Senate Office Building
2/7/2018 Senate • Favorable by- Rules; YEAS 11 NAYS 0 -SJ 336
• Placed on Calendar, on 2nd reading -SJ 336
2/19/2018 Senate • Placed on Special Order Calendar, 02/21/18 -SJ 374
2/21/2018 Senate • Read 2nd time -SJ 371
• Substituted HB 413 -SJ 372
• Laid on Table, companion bill(s) passed, see HB 413 (Ch. 2018-35) -SJ 372
-
SB 478, Original Filed Version (Current Bill Version) Posted 10/10/2017 at 12:43 PM
Bill Text: Web Page | PDF Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 413 (er) Trusts Moraitis Identical Last Action: 3/21/2018 Chapter No. 2018-35 
Committee Votes (3)
Date Committee Result 1/10/2018 2:00 PM Judiciary 10 Yeas - 0 Nays 1/30/2018 10:00 AM Banking and Insurance 10 Yeas - 0 Nays 2/7/2018 4:00 PM Rules 11 Yeas - 0 Nays Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 736.0103 Definitions. Page 3 (pdf) 736.0105 Default and mandatory rules. Page 3 (pdf) 736.0109 Methods and waiver of notice. Page 4 (pdf) 736.0404 Trust purposes. Page 9 (pdf) 736.04117 Trustee’s power to invade principal in trust. Page 10 (pdf) 736.08135 Trust accountings. Page 20 (pdf) 736.1008 Limitations on proceedings against trustees. Page 21 (pdf)