VA SB78 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on December 4 2017 - 25% progression
Action: 2017-12-04 - Referred to Committee for Courts of Justice
Pending: Senate Courts of Justice Committee
Text: Latest bill text (Prefiled) [HTML]

Summary

Trust decanting; authorized fiduciary. Reinstates the restriction in Virginia's former trust decanting law that limits the type of fiduciary who may exercise the decanting power to a disinterested trustee. The bill also reinstates the former provisions that state that the decanting power may be exercised by a majority of the authorized fiduciaries and that the court has the power to appoint a special fiduciary to exercise the decanting power. The bill contains an emergency clause.

Tracking Information

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Title

Trust decanting; authorized fiduciary.

Sponsors


History

DateChamberAction
2017-12-04SenateReferred to Committee for Courts of Justice
2017-12-04SenatePrefiled and ordered printed with emergency clause; offered 01/10/18 18101870D

Code Citations

ChapterArticleSectionCitation TypeStatute Text
642701(n/a)See Bill Text
642779.5(n/a)See Bill Text

Virginia State Sources


Bill Comments

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