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CS/HB 743: Trusts [EPCC]

GENERAL BILL by Safety & Security Council ; Hukill ; (CO-INTRODUCERS) Seiler ; Ambler

Trusts [EPCC]; revises criteria for investments in certain investment instruments; provides criteria, requirements, & limitations on trustee's power to invade principal of trust; limits definition of term "land trust" to arrangement in which title to real property is vested in trustee by recorded instrument that confers certain authority as prescribed by state law; clarifies use of income interest of trust, etc. Amends Chs. 731, 736, 660.417, 689.071.

Effective Date: 07/01/2007
Last Action: 6/15/2007 - Approved by Governor; Chapter No. 2007-153
Bill Text: Web Page | PDF



Bill History

Date Chamber Action
2/7/2007 House • Filed
2/14/2007 House • Referred to Safety & Security Council
2/21/2007 House • Referred to Constitution & Civil Law (SS) by Safety & Security Council
3/5/2007 House • On Committee agenda-- Constitution & Civil Law (SS), 03/07/07, 9:00 am, 12-H
3/6/2007 House • Introduced, referred to Safety & Security Council -HJ 00056; Referred to Constitution & Civil Law (SS) by Safety & Security Council -HJ 00125; On Committee agenda-- Constitution & Civil Law (SS), 03/07/07, 9:00 am, 12-H
3/7/2007 House • Favorable with 1 amendment(s) by Constitution & Civil Law (SS); YEAS 6 NAYS 0 -HJ 00178; Now in Safety & Security Council -HJ 00178
3/19/2007 House • On Council agenda-- Safety & Security Council, 03/21/07, 10:15 am, Reed Hall
3/21/2007 House • CS by- Safety & Security Council; YEAS 15 NAYS 0 -HJ 00271
3/26/2007 House • CS read 1st time on 03/26/07 -HJ 00268; CS filed; Placed on Calendar -HJ 00273
4/12/2007 House • Placed on Special Order Calendar
4/17/2007 House • Placed on Special Order Calendar
4/18/2007 House • Placed on Special Order Calendar -HJ 00479
4/19/2007 House • Placed on Special Order Calendar -HJ 00510; Read 2nd time -HJ 00539; Amendment(s) adopted -HJ 00539
4/24/2007 House • Read 3rd time -HJ 00592; Amendment(s) adopted -HJ 00593; CS passed as amended; YEAS 112 NAYS 0 -HJ 00593
4/24/2007 Senate • In Messages
4/26/2007 Senate • Received, referred to Banking and Insurance; Judiciary -SJ 00623
4/30/2007 Senate • Withdrawn from Banking and Insurance; Judiciary -SJ 00730; Substituted for CS/CS/SB 2218 -SJ 00730; Read 2nd time -SJ 00730
5/1/2007 Senate • Read 3rd time -SJ 00745; CS passed; YEAS 39 NAYS 0 -SJ 00745
5/1/2007 House • Ordered enrolled -HJ 00945
6/5/2007 • Signed by Officers and presented to Governor
6/15/2007 • Approved by Governor; Chapter No. 2007-153