DC B25-0224 | 2023-2024 | 25th Council
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 16 2023 - 25% progression
Action: 2024-06-17 - Public Hearing Held
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 16 2023 - 25% progression
Action: 2024-06-17 - Public Hearing Held
Text: Latest bill text (Introduced) [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
History
| Date | Chamber | Action |
|---|---|---|
| 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 |
Washington D.C. State Sources
| Type | Source |
|---|---|
| Summary | https://lims.dccouncil.gov/Legislation/B25-0224 |
| Text | https://lims.dccouncil.gov/downloads/LIMS/52718/Introduction/B25-0224-Introduction.pdf |
