GA HB441 | 2017-2018 | Regular Session

Status

Spectrum: Partisan Bill (Republican 5-0)
Status: Vetoed on May 8 2018 - 100% progression
Action: 2018-05-08 - Veto V3
Text: Latest bill text (Enrolled) [PDF]

Summary

A BILL to be entitled an Act to amend Chapter 12 of Title 53 of the O.C.G.A., relating to trusts, so as to establish qualified self-settled spendthrift trusts; to provide for definitions; to provide for exceptions for spendthrift provisions of trusts which are not within qualified self-settled spendthrift trusts; to provide for claims by creditors for such trusts; to provide for the creation of such trusts; to provide for transfers to such trusts; to provide for vacancies of trustees; to provide for standards for such trusts to be considered nonrevocable; to provide for beneficiary rights to withdrawal; to provide for claims for relief; to amend Part 4 of Article 9 of Title 11 of the O.C.G.A., relating to rights of third parties to secured transactions, so as to exclude qualified self-settled spendthrift trusts from restrictions on assignment; to provide for related matters; to repeal conflicting laws; and for other purposes.

Tracking Information

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Title

Trusts; establish qualified self-settled spendthrift trusts; provisions

Sponsors


Roll Calls

2018-03-29 - Senate - Senate Vote #798 (Y: 42 N: 6 NV: 3 Abs: 4) [PASS]
2018-03-21 - House - House Vote #735 (Y: 103 N: 56 NV: 13 Abs: 8) [PASS]
2018-03-12 - Senate - Senate Vote #598 (Y: 40 N: 11 NV: 1 Abs: 3) [PASS]
2017-03-03 - House - House Vote #201 (Y: 125 N: 37 NV: 10 Abs: 8) [PASS]

History

DateChamberAction
2018-05-08 Veto V3
2018-05-08HouseHouse Date Signed by Governor
2018-04-06HouseHouse Sent to Governor
2018-03-29SenateSenate Agreed House Amend or Sub
2018-03-21HouseHouse Agreed Senate Amend or Sub As Amended
2018-03-12SenateSenate Passed/Adopted By Substitute
2018-03-12SenateSenate Third Read
2018-03-01SenateSenate Read Second Time
2018-02-28SenateSenate Committee Favorably Reported By Substitute
2017-03-06SenateSenate Read and Referred
2017-03-03HouseHouse Passed/Adopted
2017-03-03HouseHouse Third Readers
2017-02-27HouseHouse Committee Favorably Reported
2017-02-23HouseHouse Second Readers
2017-02-22HouseHouse First Readers
2017-02-21HouseHouse Hopper

Georgia State Sources


Bill Comments

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