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CS/HB 435: Trust Administration [LPCC]

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

Trust Administration [LPCC]; Provides exceptions to duties & liabilities of cotrustees for excluded cotrustees under specified circumstances; relieves excluded cotrustees from specified liabilities & obligations under specified circumstances; provides for liabilities & obligations of included cotrustees; provides exception for trustee payments of costs & attorney's fees from trust assets except pursuant to court order under specified circumstances, etc.

Effective Date: 07/01/2008
Last Action: 5/28/2008 - Approved by Governor; Chapter No. 2008-76
Bill Text: Web Page | PDF

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  • Bill History

    Date Chamber Action
    1/2/2008 House • Filed
    1/10/2008 House • Referred to Safety & Security Council
    1/30/2008 House • Referred to Constitution & Civil Law (SS) by Safety & Security Council
    3/3/2008 House • On Committee agenda-- Constitution & Civil Law (SS), 03/05/08, 9:00 am, 24-H
    3/4/2008 House • Introduced, referred to Safety & Security Council -HJ 00038; Referred to Constitution & Civil Law (SS) by Safety & Security Council -HJ 00131; On Committee agenda-- Constitution & Civil Law (SS), 03/05/08, 9:00 am, 24-H
    3/5/2008 House • Favorable with 1 amendment(s) by Constitution & Civil Law (SS); YEAS 7 NAYS 0 -HJ 00192; Now in Safety & Security Council -HJ 00192
    3/10/2008 House • On Council agenda-- Safety & Security Council, 03/12/08, 2:10 pm, Reed Hall --Temporarily deferred
    3/17/2008 House • On Council agenda-- Safety & Security Council, 03/19/08, 1:00 pm, Reed Hall
    3/19/2008 House • CS by- Safety & Security Council; YEAS 14 NAYS 0 -HJ 00324
    3/24/2008 House • CS read 1st time on 03/24/08 -HJ 00323; CS filed
    3/25/2008 House • Placed on Calendar -HJ 00326
    4/16/2008 House • Placed on Special Order Calendar; Read 2nd time -HJ 00554
    4/18/2008 House • Read 3rd time -HJ 00640; CS passed; YEAS 108 NAYS 0 -HJ 00640
    4/22/2008 Senate • In Messages; Referred to Judiciary; Banking and Insurance -SJ 00775
    4/23/2008 Senate • Received -SJ 00775; Withdrawn from Judiciary; Banking and Insurance -SJ 00741; Substituted for CS/SB 2164 -SJ 00741; Read 2nd time -SJ 00741
    4/24/2008 Senate • Read 3rd time -SJ 00785; CS passed; YEAS 39 NAYS 0 -SJ 00785
    4/25/2008 House • Ordered enrolled -HJ 00967
    5/16/2008 • Signed by Officers and presented to Governor
    5/28/2008 • Approved by Governor; Chapter No. 2008-76

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  • CS/HB 435, Enrolled (Current Bill Version) Posted 4/25/2008 at 4:06 PM

    Bill Text:   Web Page | PDF
    Analyses:   None

    Related Bills (1)

    Bill Number Subject Filed By Relationship Last Action and Location
    S 2164 (c1) Trust Administration [LPCC] Jones Identical Last Action: 4/23/2008 S Placed on Special Order Calendar; Substituted CS/HB 435 -SJ 00741; Laid on Table, Link/Iden/Sim/Compare passed, refer to CS/HB 435 (Ch. 2008-76) -SJ 00741
    Location:

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    736.0703 Cotrustees.
    736.0802 Duty of loyalty.
    736.1008 Limitations on proceedings against trustees.

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  • CS/HB 435, Committee Substitute 1 Posted 3/24/2008 at 2:48 PM

    Bill Text:   Web Page | PDF
    Analyses:   Safety & Security Council (Post-Meeting) (pdf)

    Floor Votes (3)

    Date Chamber Result
    4/18/2008 1:54 PM House 39 Yeas - 72 Nays
    4/18/2008 2:05 PM House 108 Yeas - 0 Nays
    4/24/2008 10:28 AM Senate 39 Yeas - 0 Nays

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    736.0703 Cotrustees.
    736.0802 Duty of loyalty.
    736.1008 Limitations on proceedings against trustees.

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  • HB 435, Original Filed Version Posted 1/3/2008 at 8:41 AM

    Bill Text:   Web Page | PDF
    Analyses:   Committee on Constitution & Civil Law (Post-Meeting) (pdf)
    Committee on Constitution & Civil Law (Post-Meeting) (pdf)
    Safety & Security Council (Post-Meeting) (pdf)

    Citations - Statutes (3)

    Citation Catchline Location in Bill Location In Bill Help
    736.0703 Cotrustees.
    736.0802 Duty of loyalty.
    736.1008 Limitations on proceedings against trustees.

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