CS/SB 978: Florida Uniform Principal and Income Act
GENERAL BILL by Judiciary ; Fasano
Florida Uniform Principal and Income Act; Deleting a provision authorizing a trustee to release the power to adjust between principal and income if the trustee desires to convert the form of certain trusts; deleting a duplicative provision relating to conclusive determinations of the terms of a unitrust; revising provisions relating to the determination and distribution of net income; substituting the term “fiduciary” for “trustee” to clarify that provisions apply to all fiduciaries; revising provisions relating to the allocation between income and principal when liquidating assets, etc.
Last Action: 3/9/2012 Senate - Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1050 (Ch. 2012-49)
Bill Text: Web Page | PDF
- Judiciary (JU)
- Banking and Insurance (BI)
- Budget (BC)
Bill History
Date | Chamber | Action |
---|---|---|
11/16/2011 | Senate |
• Filed |
12/6/2011 | Senate |
• Referred to Judiciary; Banking and Insurance; Budget -SJ 81 |
1/10/2012 | Senate |
• Introduced -SJ 81 |
1/20/2012 | Senate |
• On Committee agenda-- Judiciary, 01/25/12, 3:30 pm, 110 Senate Office Building |
1/25/2012 | Senate |
• CS by Judiciary; YEAS 6 NAYS 0 -SJ 280 |
1/26/2012 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) |
1/27/2012 | Senate |
• Now in Banking and Insurance -SJ 280 • CS by Judiciary read 1st time -SJ 287 |
3/9/2012 | Senate |
• Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1050 (Ch. 2012-49) |