CS/CS/SB 1316: Florida Uniform Fiduciary Income and Principal Act
GENERAL BILL by Rules ; Judiciary ; Berman
Florida Uniform Fiduciary Income and Principal Act; Specifying the duties of a fiduciary; providing that a fiduciary’s allocation, determination, or exercise of discretion is presumed to be fair and reasonable to all beneficiaries; authorizing a fiduciary to exercise discretionary power of administration under specified circumstances; prohibiting a court from ordering a fiduciary to change his or her decision unless the decision was an abuse of discretionary power; authorizing a fiduciary to adjust between income and principal if such adjustment assists in administering the trust or estate impartially; authorizing the conversion of an income trust to a unitrust; specifying the authority of a fiduciary with respect to the administration of certain trusts, etc.
Last Action: 3/1/2024 Senate - Laid on Table, companion bill(s) passed, see CS/HB 1093 (Ch. 2024-216) -SJ 600
Bill Text: Web Page | PDF
- Judiciary (JU)
- Rules (RC)
Bill History
| Date | Chamber | Action |
|---|---|---|
| 1/4/2024 | Senate |
• Filed |
| 1/10/2024 | Senate |
• Referred to Judiciary; Banking and Insurance; Rules • Introduced |
| 1/31/2024 | Senate |
• On Committee agenda-- Judiciary, 02/05/24, 2:30 pm, 110 Senate Building |
| 2/5/2024 | Senate |
• CS by Judiciary; YEAS 9 NAYS 0 |
| 2/6/2024 | Senate |
• Pending reference review under Rule 4.7(2) - (Committee Substitute) • CS by Judiciary read 1st time • Original reference(s) removed: Banking and Insurance • Remaining references corrected to Rules • Now in Rules |
| 2/9/2024 | Senate |
• On Committee agenda-- Rules, 02/14/24, 9:00 am, 412 Knott Building |
| 2/14/2024 | Senate |
• CS/CS by- Rules; YEAS 17 NAYS 0 |
| 2/15/2024 | Senate |
• Pending reference review -under Rule 4.7(2) - (Committee Substitute) • Placed on Calendar, on 2nd reading • CS/CS by Rules read 1st time |
| 2/28/2024 | Senate |
• Placed on Special Order Calendar, 03/01/24 |
| 3/1/2024 | Senate |
• Read 2nd time -SJ 597 • Substituted CS/HB 1093 -SJ 600 • Laid on Table, companion bill(s) passed, see CS/HB 1093 (Ch. 2024-216) -SJ 600 |
