SB566
Trusts; release or ratification of trustee by beneficiary, response of beneficiary in writing.
Summary
As Passed House of Origin. Trustees; settlement of accounts; notice and statements to beneficiaries; requirements.
Provides that the beneficiary of a trust shall be deemed to have released a trustee and ratified all actions of a trustee for the administration of a trust if, when the trust terminates or the trustee ceases to serve, the trustee sends the beneficiary notice and the beneficiary does not ... (More) object within 60 days after the trustee sent such notice. The bill also requires the trustee to provide to the beneficiary certain financial information related to the trust. This bill is identical to HB 678. (Less)-
Bill History
- 01/10/2024 - Senate: Prefiled and ordered printed; offered 01/10/24 24101324D
- 01/10/2024 - Senate: Referred to Committee for Courts of Justice
- 02/05/2024 - Senate: Impact statement from SCC (SB566)
- 02/12/2024 - Senate: Senate committee, floor amendments and substitutes offered
- 02/12/2024 - Senate: Reported from Courts of Justice with substitute (15-Y 0-N)
- 02/12/2024 - Senate: Committee substitute printed 24106625D-S1
- 02/13/2024 - Senate: Read second time
- 02/13/2024 - Senate: Reading of substitute waived
- 02/13/2024 - Senate: Committee substitute agreed to 24106625D-S1
- 02/13/2024 - Senate: Engrossed by Senate - committee substitute SB566S1
- 02/13/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/13/2024 - Senate: Passed Senate (40-Y 0-N)
- 02/13/2024 - Senate: Constitutional reading dispensed (40-Y 0-N)
- 02/16/2024 - House: Placed on Calendar
- 02/16/2024 - House: Read first time
- 02/16/2024 - House: Referred to Committee for Courts of Justice
- 02/19/2024 - Senate: Impact statement from SCC (SB566S1)
- 02/23/2024 - House: Reported from Courts of Justice (21-Y 0-N)
- 02/27/2024 - House: Read second time
- 02/28/2024 - House: Read third time
- 02/28/2024 - House: Passed House BLOCK VOTE (97-Y 0-N)
- 02/28/2024 - House: VOTE: Block Vote Passage (97-Y 0-N)
- 03/04/2024 - Senate: Enrolled
- 03/04/2024 - Senate: Bill text as passed Senate and House (SB566ER)
- 03/04/2024 - House: Signed by Speaker
- 03/07/2024 - Senate: Signed by President
- 03/08/2024 - Senate: Impact statement from SCC (SB566ER)
- 03/11/2024 - Senate: Enrolled Bill Communicated to Governor on March 11, 2024
- 03/11/2024 - Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024
- 04/05/2024 - Governor: Approved by Governor-Chapter 600 (effective 7/1/24)
- 04/05/2024 - Governor: Acts of Assembly Chapter text (CHAP0600)
