CS/SB 1502: Estates and Trusts
GENERAL BILL by Banking and Insurance ; Powell
Estates and Trusts; Providing that the requirement for a claimant to file an independent action is satisfied if specified actions are taken; specifying that claimants, not creditors, are given certain priority of claims; revising the types of trusts deemed to have been contributed by a settlor’s spouse and not the settlor; providing that a trustee may resign by specified procedure and with notice to certain parties, etc.
Senate Committee References:
- Banking and Insurance (BI)
- Judiciary (JU)
- Rules (RC)
-
Bill History
Date Chamber Action 1/5/2022 Senate • Filed
1/12/2022 Senate • Referred to Banking and Insurance; Judiciary; Rules -SJ 131
1/18/2022 Senate • Introduced -SJ 131
1/20/2022 Senate • On Committee agenda-- Banking and Insurance, 01/25/22, 3:30 pm, 412 Knott Building
1/25/2022 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 243
1/27/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
1/28/2022 Senate • Now in Judiciary
2/2/2022 Senate • On Committee agenda-- Judiciary, 02/07/22, 2:30 pm, 412 Knott Building
• CS by Banking and Insurance read 1st time -SJ 248
2/7/2022 Senate • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 343
2/8/2022 Senate • Now in Rules
2/10/2022 Senate • On Committee agenda-- Rules, 02/15/22, 10:00 am, 412 Knott Building
2/15/2022 Senate • Favorable by- Rules; YEAS 17 NAYS 0 -SJ 370
2/16/2022 Senate • Placed on Calendar, on 2nd reading
2/17/2022 Senate • Placed on Special Order Calendar, 02/23/22 -SJ 451
2/23/2022 Senate • Read 2nd time -SJ 442
• Read 3rd time -SJ 442
• CS passed; YEAS 39 NAYS 0 -SJ 442
• Immediately certified -SJ 451
2/23/2022 House • In Messages
3/1/2022 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (3/4/2022)
• 1st Reading (Committee Substitute 1)
3/4/2022 House • Substituted for CS/HB 625
• Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/7/2022 House • Read 3rd time
• CS passed; YEAS 113, NAYS 0
3/7/2022 Senate • Ordered enrolled -SJ 720
5/5/2022 • Signed by Officers and presented to Governor
5/10/2022 • Approved by Governor
5/11/2022 • Chapter No. 2022-101
-
CS/SB 1502, Enrolled (Current Bill Version) Posted 3/7/2022 at 12:35 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 625 (c1) Estates and Trusts Judiciary Committee Similar Last Action: 3/4/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1502 (Ch. 2022-101) 
Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 733.705 Payment of and objection to claims. Page 1 (pdf) 736.0505 Creditors’ claims against settlor. Page 3 (pdf) 736.0705 Resignation of trustee. Page 4 (pdf) -
CS/SB 1502, Committee Substitute 1 Posted 1/27/2022 at 5:02 PM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 2/4/2022 (pdf)
Judiciary (Post-Meeting) 2/7/2022 (pdf)
Rules (Pre-Meeting) 2/14/2022 (pdf)
Rules (Post-Meeting) 2/16/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 625 (c1) Estates and Trusts Judiciary Committee Similar Last Action: 3/4/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1502 (Ch. 2022-101)
Committee Votes (2)
Date Committee Result 2/7/2022 2:30 PM Judiciary 10 Yeas - 0 Nays 2/15/2022 10:00 AM Rules 17 Yeas - 0 Nays Floor Votes (2)
Date Chamber Result 2/23/2022 4:50 PM Senate 39 Yeas - 0 Nays 3/7/2022 11:18 AM House 113 Yeas - 0 Nays Citations - Statutes (3)
Citation Catchline Location in Bill Location In Bill Help 733.705 Payment of and objection to claims. Page 1 (pdf) 736.0505 Creditors’ claims against settlor. Page 3 (pdf) 736.0705 Resignation of trustee. Page 4 (pdf) -
SB 1502, Original Filed Version Posted 1/5/2022 at 9:49 AM
Bill Text: Web Page | PDF Analyses: Banking and Insurance (Pre-Meeting) 1/24/2022 (pdf)
Banking and Insurance (Post-Meeting) 1/27/2022 (pdf)
Related Bills (1)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 625 Estates and Trusts Judiciary Committee Identical Last Action: 3/4/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1502 (Ch. 2022-101)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 971550 - Amendment
Between lines 57 and 58 insert:Banking and Insurance
(Powell)1/24/2022
4:40 PMReplaced by Committee Substitute
1/27/2022Web Page
PDFCommittee Votes (1)
Date Committee Result 1/25/2022 3:30 PM Banking and Insurance 10 Yeas - 0 Nays Citations - Statutes (2)
Citation Catchline Location in Bill Location In Bill Help 733.705 Payment of and objection to claims. Page 1 (pdf) 736.0705 Resignation of trustee. Page 3 (pdf)