VA SB2 | 2016 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on November 20 2015 - 25% progression, died in chamber
Action: 2016-01-18 - Stricken at the request of Patron in Courts of Justice (14-Y 0-N)
Text: Latest bill text (Prefiled) [HTML]

Summary

Public guardian or conservator acting as trustee for trust of incapacitated person. Excepts from the definition of "trust business" the holding of assets as a trustee of a trust if the trustee (i) is a designee under the Virginia Public Guardian and Public Conservator Program of the Department for Aging and Rehabilitative Services and (ii) has been ordered by a court to serve as a guardian or conservator for an incapacitated person whom the trust primarily benefits. Under current law, engaging in trust business is generally prohibited unless specifically authorized by law.

Tracking Information

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Title

Incapacitated person; public guardian or conservator acting as trustee for trust.

Sponsors


Roll Calls

2016-01-18 - Senate - Senate: Stricken at the request of Patron in Courts of Justice (14-Y 0-N) (Y: 14 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2016-01-18SenateStricken at the request of Patron in Courts of Justice (14-Y 0-N)
2015-11-20SenateReferred to Committee for Courts of Justice
2015-11-20SenatePrefiled and ordered printed; offered 01/13/16 16100243D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
621000(n/a)See Bill Text

Virginia State Sources


Bill Comments

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