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Glossary of Legislative Terms

CS/SB 630: Transfers to Minors

GENERAL BILL by Banking and Insurance ; Joyner

Transfers to Minors; Specifying that certain transfers from a trust are considered as having been made directly by the grantor of the trust; authorizing custodianships established by irrevocable gift and by irrevocable exercise of power of appointment to terminate when a minor attains the age of 25, subject to the minor’s right in such custodianships to compel distribution of the property upon attaining the age of 21, etc.

Effective Date: 7/1/2015
 Last Action: 4/27/2015 Senate - Laid on Table, companion bill(s) passed, see HB 283 (Ch. 2015-140) -SJ 678
Bill Text: Web Page | PDF
Senate Committee References:
  1. Judiciary (JU)
  2. Banking and Insurance (BI)
  3. Rules (RC)

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  • Bill History

    Date Chamber Action
    2/3/2015 Senate • Filed
    2/6/2015 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 75
    2/26/2015 Senate • On Committee agenda-- Judiciary, 03/03/15, 4:00 pm, 110 Senate Office Building
    3/3/2015 Senate • Introduced -SJ 75
    • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 190
    3/4/2015 Senate • Now in Banking and Insurance -SJ 190
    3/12/2015 Senate • On Committee agenda-- Banking and Insurance, 03/17/15, 9:00 am, 110 Senate Office Building
    3/17/2015 Senate • CS by Banking and Insurance; YEAS 10 NAYS 0 -SJ 221
    3/18/2015 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
    • CS by Banking and Insurance read 1st time -SJ 222
    3/19/2015 Senate • Now in Rules -SJ 221
    3/23/2015 Senate • On Committee agenda-- Rules, 03/26/15, 9:00 am, 110 Senate Office Building
    3/26/2015 Senate • Favorable by- Rules; YEAS 12 NAYS 0 -SJ 259
    • Placed on Calendar, on 2nd reading -SJ 259
    4/21/2015 Senate • Placed on Special Order Calendar, 04/24/15
    4/24/2015 Senate • Read 2nd time -SJ 610
    • Placed on 3rd reading
    4/27/2015 Senate • Read 3rd time -SJ 678
    • Substituted HB 283 -SJ 678
    • Laid on Table, companion bill(s) passed, see HB 283 (Ch. 2015-140) -SJ 678

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  • CS/SB 630, Committee Substitute 1 (Current Bill Version) Posted 3/18/2015 at 3:43 PM

    Bill Text:   Web Page | PDF
    Analyses:   Rules (Pre-Meeting) 3/24/2015 (pdf)
    Rules (Post-Meeting) 3/26/2015 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 283 (er) Transfers to Minors Berman Similar Last Action: 6/15/2015 Chapter No. 2015-140
    Location: Became Law     		Track This Bill

    Committee Votes (1)

    Date Committee Result
    3/26/2015 9:00 AM Rules 12 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    710.102 Definitions. Page 1 (pdf)
    710.105 Transfer by gift or exercise of power of appointment. Page 2 (pdf)
    710.117 Custodian’s expenses, compensation, and bond. Page 4 (pdf)
    710.121 Renunciation, resignation, death, or removal of custodian; designation of successor custodian. Page 4 (pdf)
    710.123 Termination of custodianship. Page 2 (pdf)

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  • SB 630, Original Filed Version Posted 2/3/2015 at 10:42 AM

    Bill Text:   Web Page | PDF
    Analyses:   Judiciary (Pre-Meeting) 3/2/2015 (pdf)
    Judiciary (Post-Meeting) 3/3/2015 (pdf)
    Banking and Insurance (Pre-Meeting) 3/13/2015 (pdf)
    Banking and Insurance (Post-Meeting) 3/18/2015 (pdf)

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location Track Bills
    H 283 Transfers to Minors Berman Similar Last Action: 6/15/2015 Chapter No. 2015-140
    Location: Became Law     		Track This Bill

    Committee Amendments (1)

    Amendment Sponsor Filed Last Committee Action Format
    653912 - Amendment
    Delete line 77 and insert:     		Banking and Insurance
    (Hukill)     		3/12/2015
    3:39 PM     		Replaced by Committee Substitute
    3/17/2015     		Web Page
    PDF

    Committee Votes (2)

    Date Committee Result
    3/3/2015 4:00 PM Judiciary 10 Yeas - 0 Nays
    3/17/2015 9:00 AM Banking and Insurance 10 Yeas - 0 Nays

    Citations - Statutes (5)

    Citation Catchline Location in Bill Location In Bill Help
    710.102 Definitions. Page 1 (pdf)
    710.105 Transfer by gift or exercise of power of appointment. Page 2 (pdf)
    710.117 Custodian’s expenses, compensation, and bond. Page 3 (pdf)
    710.121 Renunciation, resignation, death, or removal of custodian; designation of successor custodian. Page 4 (pdf)
    710.123 Termination of custodianship. Page 2 (pdf)

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