CS/SB 1368: Trusts
GENERAL BILL by Banking and Insurance ; Gruters
Trusts; Revising criteria for application of the rule against perpetuities to trusts created on or after a specified date; specifying that the terms of a trust do not prevail over a trustee’s duty to account to qualified beneficiaries under certain circumstances; clarifying circumstances under which notice, or the sending of a document, to a person under the Florida Trust Code is deemed satisfied; providing that the terms of a trust may permit for accounting to the qualified beneficiaries only under certain circumstances, etc.
Senate Committee References:
- Judiciary (JU)
- Banking and Insurance (BI)
- Rules (RC)
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Bill History
Date Chamber Action 12/27/2021 Senate • Filed
1/12/2022 Senate • Referred to Judiciary; Banking and Insurance; Rules -SJ 122
1/18/2022 Senate • Introduced -SJ 121
1/26/2022 Senate • On Committee agenda-- Judiciary, 01/31/22, 3:00 pm, 412 Knott Building
1/31/2022 Senate • Favorable by Judiciary; YEAS 10 NAYS 0 -SJ 242
2/1/2022 Senate • Now in Banking and Insurance
2/3/2022 Senate • On Committee agenda-- Banking and Insurance, 02/08/22, 3:00 pm, 37 Senate Building
2/8/2022 Senate • CS by Banking and Insurance; YEAS 11 NAYS 0 -SJ 364
2/10/2022 Senate • Pending reference review under Rule 4.7(2) - (Committee Substitute)
• CS by Banking and Insurance read 1st time -SJ 366
2/11/2022 Senate • Now in Rules
• On Committee agenda-- Rules, 02/15/22, 10:00 am, 412 Knott Building
2/15/2022 Senate • Favorable by- Rules; YEAS 17 NAYS 0 -SJ 370
2/16/2022 Senate • Placed on Calendar, on 2nd reading
2/17/2022 Senate • Placed on Special Order Calendar, 02/23/22 -SJ 451
2/23/2022 Senate • Read 2nd time -SJ 441
• Amendment(s) adopted (364794) -SJ 442
• Read 3rd time -SJ 442
• CS passed as amended; YEAS 39 NAYS 0 -SJ 442
• Immediately certified -SJ 451
2/23/2022 House • In Messages
3/7/2022 House • Bill referred to House Calendar
• Bill added to Special Order Calendar (3/8/2022)
• 1st Reading (Engrossed 1)
3/8/2022 House • Read 2nd time
• Placed on 3rd reading
• Added to Third Reading Calendar
3/9/2022 House • Read 3rd time
• CS passed; YEAS 99, NAYS 19
3/9/2022 Senate • Ordered enrolled -SJ 761
5/3/2022 • Signed by Officers and presented to Governor
5/6/2022 • Approved by Governor
• Chapter No. 2022-96
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CS/SB 1368, Enrolled (Current Bill Version) Posted 3/9/2022 at 6:15 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1001 (c2) Trusts Insurance and Banking Subcommittee Identical Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1368 (Ch. 2022-96) 
H 1229 Pub. Rec./Proceedings Involving Family Trust Companies Fetterhoff Compare Last Action: 1/11/2022 H Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/SB 1304 (Ch. 2022-211), CS/SB 1368 (Ch. 2022-96)
Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 689.225 Statutory rule against perpetuities. Page 2 (pdf) 736.0105 Default and mandatory rules. Page 2 (pdf) 736.0109 Methods and waiver of notice. Page 3 (pdf) 736.0303 Representation by fiduciaries and parents. Page 4 (pdf) 736.0409 Noncharitable trust without ascertainable beneficiary. Page 5 (pdf) 736.04115 Judicial modification of irrevocable trust when modification is in best interests of beneficiaries. Page 5 (pdf) 736.0412 Nonjudicial modification of irrevocable trust. Page 5 (pdf) 736.0813 Duty to inform and account. Page 6 (pdf) 736.08135 Trust accountings. Page 7 (pdf) 736.08145 Grantor trust reimbursement. Page 9 (pdf) -
CS/SB 1368, Engrossed 1 Posted 2/23/2022 at 5:24 PM
Bill Text: Web Page | PDF Analyses: None Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1001 (c2) Trusts Insurance and Banking Subcommittee Identical Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1368 (Ch. 2022-96)
H 1229 Pub. Rec./Proceedings Involving Family Trust Companies Fetterhoff Compare Last Action: 1/11/2022 H Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/SB 1304 (Ch. 2022-211), CS/SB 1368 (Ch. 2022-96)
Floor Votes (1)
Date Chamber Result 3/9/2022 4:59 PM House 99 Yeas - 19 Nays Citations - Statutes (10)
Citation Catchline Location in Bill Location In Bill Help 689.225 Statutory rule against perpetuities. Page 2 (pdf) 736.0105 Default and mandatory rules. Page 2 (pdf) 736.0109 Methods and waiver of notice. Page 3 (pdf) 736.0303 Representation by fiduciaries and parents. Page 4 (pdf) 736.0409 Noncharitable trust without ascertainable beneficiary. Page 5 (pdf) 736.04115 Judicial modification of irrevocable trust when modification is in best interests of beneficiaries. Page 5 (pdf) 736.0412 Nonjudicial modification of irrevocable trust. Page 5 (pdf) 736.0813 Duty to inform and account. Page 6 (pdf) 736.08135 Trust accountings. Page 7 (pdf) 736.08145 Grantor trust reimbursement. Page 9 (pdf) -
CS/SB 1368, Committee Substitute 1 Posted 2/10/2022 at 2:32 PM
Bill Text: Web Page | PDF Analyses: Rules (Pre-Meeting) 2/14/2022 (pdf)
Rules (Post-Meeting) 2/16/2022 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1001 (c2) Trusts Insurance and Banking Subcommittee Similar Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1368 (Ch. 2022-96)
H 1229 Pub. Rec./Proceedings Involving Family Trust Companies Fetterhoff Compare Last Action: 1/11/2022 H Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/SB 1304 (Ch. 2022-211), CS/SB 1368 (Ch. 2022-96)
Floor Amendments (1)
Amendment Sponsor Filed Last Floor Action Format 364794 - Amendment
Delete lines 124 - 136 and insert:Gruters 2/22/2022
9:13 AMSenate: Adopted
2/23/2022Web Page
PDFCommittee Votes (1)
Date Committee Result 2/15/2022 10:00 AM Rules 17 Yeas - 0 Nays Floor Votes (1)
Date Chamber Result 2/23/2022 4:49 PM Senate 39 Yeas - 0 Nays Citations - Statutes (8)
Citation Catchline Location in Bill Location In Bill Help 689.225 Statutory rule against perpetuities. Page 2 (pdf) 736.0105 Default and mandatory rules. Page 2 (pdf) 736.0109 Methods and waiver of notice. Page 3 (pdf) 736.0303 Representation by fiduciaries and parents. Page 4 (pdf) 736.0409 Noncharitable trust without ascertainable beneficiary. Page 4 (pdf) 736.0813 Duty to inform and account. Page 5 (pdf) 736.08135 Trust accountings. Page 6 (pdf) 736.08145 Grantor trust reimbursement. Page 8 (pdf) -
SB 1368, Original Filed Version Posted 12/27/2021 at 4:17 PM
Bill Text: Web Page | PDF Analyses: Judiciary (Pre-Meeting) 1/28/2022 (pdf)
Judiciary (Post-Meeting) 1/31/2022 (pdf)
Banking and Insurance (Pre-Meeting) 2/7/2022 (pdf)
Banking and Insurance (Post-Meeting) 2/10/2022 (pdf)
Related Bills (2)
Bill Number Subject Filed By Relationship Last Action and Location Track Bills H 1001 (c1) Trusts Insurance and Banking Subcommittee Similar Last Action: 3/8/2022 H Laid on Table; companion bill(s) passed, see CS/SB 1368 (Ch. 2022-96)
H 1229 Pub. Rec./Proceedings Involving Family Trust Companies Fetterhoff Compare Last Action: 1/11/2022 H Withdrawn prior to introduction; companion bill(s) passed, see CS/CS/SB 1304 (Ch. 2022-211), CS/SB 1368 (Ch. 2022-96)
Committee Amendments (1)
Amendment Sponsor Filed Last Committee Action Format 503122 - Amendment
Delete lines 53 - 153 and insert:Banking and Insurance
(Gruters)2/7/2022
2:51 PMReplaced by Committee Substitute
2/10/2022Web Page
PDFCommittee Votes (2)
Date Committee Result 1/31/2022 3:00 PM Judiciary 10 Yeas - 0 Nays 2/8/2022 3:00 PM Banking and Insurance 11 Yeas - 0 Nays Citations - Statutes (7)
Citation Catchline Location in Bill Location In Bill Help 689.225 Statutory rule against perpetuities. Page 2 (pdf) 736.0105 Default and mandatory rules. Page 2 (pdf) 736.0109 Methods and waiver of notice. Page 3 (pdf) 736.0303 Representation by fiduciaries and parents. Page 4 (pdf) 736.0409 Noncharitable trust without ascertainable beneficiary. Page 4 (pdf) 736.08135 Trust accountings. Page 5 (pdf) 736.08145 Grantor trust reimbursement. Page 6 (pdf)