DC B25-0224 | 2023-2024 | 25th Council
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on December 19 2024 - 100% progression
Action: 2025-01-23 - Transmitted to Congress, Projected Law Date is Mar 06, 2025
Text: Latest bill text (Enrolled) [PDF]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on December 19 2024 - 100% progression
Action: 2025-01-23 - Transmitted to Congress, Projected Law Date is Mar 06, 2025
Text: Latest bill text (Enrolled) [PDF]
Summary
As introduced Bill 25-224 would provide statutory rules for a trustee’s distribution of assets from one irrevocable trust to another. It provides appropriate limits on a trustee’s ability to decant to ensure that the settlor’s intent is carried out. It would protect beneficiaries by requiring notice and protecting all vested interests. It would provide that charitable interests may not be reduced or eliminated and also would protect successor trustees from liability.
Title
Uniform Trust Decanting Act of 2023
Sponsors
Roll Calls
2024-11-26 - Council - Final Reading, CC (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]
2024-11-12 - Council - First Reading, CC (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]
2024-11-12 - Council - First Reading, CC (Y: 12 N: 0 NV: 0 Abs: 1) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-23 | Council | Transmitted to Congress, Projected Law Date is Mar 06, 2025 |
| 2024-12-27 | Council | Act A25-0655 Published in DC Register Vol 71 and Page 016243 |
| 2024-12-23 | Council | Returned from Mayor |
| 2024-12-19 | Council | Signed by the Mayor and Enacted with Act Number A25-0655 |
| 2024-12-13 | Council | Transmitted to Mayor, Response Due on December 30, 2024 |
| 2024-11-26 | Council | Final Reading, CC |
| 2024-11-12 | Council | First Reading, CC |
| 2024-11-06 | Council | Committee Report Filed |
| 2024-10-17 | Council | Committee Mark-up of B25-0224 |
| 2024-10-16 | Council | Notice of Mark-up filed in the Office of Secretary |
| 2024-06-17 | Council | Public Hearing Held |
| 2024-05-24 | Council | Notice of Public Hearing Published in the DC Register |
| 2024-05-21 | Council | Notice of Public Hearing Published in the DC Register |
| 2023-04-07 | Council | Notice of Intent to Act on B25-0224 Published in the DC Register |
| 2023-03-21 | Council | Referred to Committee on Judiciary and Public Safety |
| 2023-03-16 | Council | Introduced in Office of the Secretary |
