Indiana Senate Bill 56 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 2-0)
Status: Introduced on January 6 2015 - 25% progression, died in chamber
Action: 2015-02-19 - Third reading: defeated; Roll Call 185: yeas 18, nays 31
Text: Latest bill text (Amended) [PDF]

Legacy trust. Provides that a protective provision in a legacy trust prevents a creditor of the settlor from satisfying a claim from the settlor's interest in the trust estate when the settlor is also a beneficiary of the trust. Authorizes the establishment of legacy trusts. Prescribes the procedures for establishing a legacy trust. Bars most claims against a legacy trust. Permits claims against a legacy trust for certain fraudulent transfers, to enforce certain child support orders, and to enforce certain orders for the division of property with respect to a dissolution of marriage or a legal separation. Provides immunity to

Legacy trust. Provides that a protective provision in a legacy trust prevents a creditor of the settlor from satisfying a claim from the settlor's interest in the trust estate when the settlor is also a beneficiary of the trust. Authorizes the establishment of legacy trusts. Prescribes the procedures for establishing a legacy trust. Bars most claims against a legacy trust. Permits claims against a legacy trust for certain fraudulent transfers, to enforce certain child support orders, and to enforce certain orders for the division of property with respect to a dissolution of marriage or a legal separation. Provides immunity to

Sen. Brent Steele [R]

Sen. Rodric Bray [R]

2015-02-19 - Senate - Senate - Third reading (Y: 18 N: 31 NV: 0 Abs: 1) [FAIL]
2015-02-09 - Senate - Senate Committee on Civil Law - Committee Vote (Y: 4 N: 3 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2015-02-19	Senate	Third reading: defeated; Roll Call 185: yeas 18, nays 31
2015-02-12	Senate	Second reading: ordered engrossed
2015-02-10	Senate	Committee report: amend do pass, adopted
2015-01-06	Senate	First Reading: referred to Committee on Civil Law
2015-01-06	Senate	Authored by Senators Steele and Bray

Type	Source
Summary	https://iga.in.gov/legislative/2015/bills/senate/56/details
Text	http://iga.in.gov/static-documents/b/d/7/0/bd70d3a8/SB0056.01.INTR.pdf
Text	http://iga.in.gov/static-documents/9/5/5/6/9556f8b8/SB0056.01.INTR.pdf
Text	http://iga.in.gov/static-documents/0/c/2/1/0c21ee06/SB0056.02.COMS.pdf
Roll Call	http://iga.in.gov/static-documents/e/e/7/1/ee71b7f0/SB0056.01.INTR.pdf
Roll Call	http://iga.in.gov/static-documents/f/7/3/3/f7330493/SB0056.185.pdf