KY HB104 | 2015 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on April 3 2015 - 100% progression
Action: 2015-04-03 - signed by Governor (Acts, ch. 121)
Text: Latest bill text (Draft #2) [MS Word]

Summary

Amend KRS 386B.10-050 to provide that a claim for breach of trust must be brought within five years of the act constituting the breach; amend KRS 386B.8-180 to provide that after notice is sent to a trust beneficiary or other qualified person relating to the distribution of the trust, the time for a written objection by the beneficiary or other qualified person is expanded; require that a trustee only proceed with the distribution of trust assets after the expiration of the time allowed for written objection; forbid a trustee from requesting that a beneficiary indemnify the trustee against loss in exchange for the trustee forgoing a request by the court to approve its accounts at the time the trust terminates or at the time the trustee is removed or resigns; amend KRS 413.120 and 413.130 to conform to changes; repeal KRS 413.340.

Tracking Information

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Title

AN ACT relating to trusts and estates.

Sponsors


History

DateChamberAction
2015-04-03Housesigned by Governor (Acts, ch. 121)
2015-03-24Housedelivered to Governor
2015-03-24Houseenrolled, signed by each presiding officer
2015-03-24Housereceived in House
2015-03-23Senate3rd reading, passed 37-0
2015-03-11Senatepassed over and retained in the Consent Orders of the Day
2015-03-11Senateposted for passage in the Consent Orders of the Day for Wednesday, March 11, 2015
2015-03-10Senate2nd reading, to Rules
2015-03-09Senatereported favorably, 1st reading, to Consent Calendar
2015-03-03Senateto Judiciary (S)
2015-03-02Senatereceived in Senate
2015-02-27House3rd reading, passed 92-0 with Committee Substitute, floor amendment (1)
2015-02-26Housefloor amendment (1) filed to Committee Substitute
2015-02-26Houseposted for passage in the Regular Orders of the Day for Friday, February 27, 2015
2015-02-26House2nd reading, to Rules
2015-02-25Housereported favorably, 1st reading, to Calendar with Committee Substitute
2015-02-23Houseposted in committee
2015-01-06Houseto Judiciary (H)
2015-01-06Houseintroduced in House

Kentucky State Sources


Bill Comments

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