HB 1976 Uniform Disclaimer of Property Interests Act.
Clifford L. Athey, Jr. | all patrons    ...    notes
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Summary as passed: (all summaries)
Uniform Disclaimer of Property Interests Act. Repeals Chapter 8 of Title 64.1, dealing with disclaimer of property passing under testamentary interests by descent or distribution and replaces it with the Uniform Disclaimer of Property Interests Act (UDPIA), which was adopted by the National Conference of Commissioners on Uniform State Laws in 1978 and revised in 1999. The current Virginia disclaimer statute focuses on estate and gift tax consequences. The UDPIA broadens the situations in which disclaimers can be used and details the exercise and effect of disclaimers, including that acceptance is the only bar to a valid disclaimer and specifying the effects of a disclaimer.

Full text:
01/08/03  House: Presented & ordered printed, prefiled 01/07/03 038837772  pdf
02/21/03  House: Bill text as passed House and Senate (HB1976ER)  pdf
03/24/03  Governor: Acts of Assembly Chapter text (CHAP0253)  pdf

Status:
01/08/03  House: Presented & ordered printed, prefiled 01/07/03 038837772
01/08/03  House: Referred to Committee for Courts of Justice
01/16/03  House: Assigned to C. J. sub-committee: 2
01/22/03  House: Reported from Courts of Justice (21-Y 0-N)
01/24/03  House: Read first time
01/27/03  House: Read second time and engrossed
01/28/03  House: Read third time and passed House BLOCK VOTE (97-Y 0-N)
01/28/03  House: VOTE: BLOCK VOTE PASSAGE (97-Y 0-N)
01/28/03  House: Communicated to Senate
01/29/03  Senate: Constitutional reading dispensed
01/29/03  Senate: Referred to Committee for Courts of Justice
02/05/03  Senate: Reported from Courts of Justice (15-Y 0-N)
02/07/03  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
02/07/03  Senate: VOTE: CONST. RDG. DISPENSED R (39-Y 0-N)
02/10/03  Senate: Read third time
02/10/03  Senate: Passed Senate (40-Y 0-N)
02/10/03  Senate: VOTE: PASSAGE R (40-Y 0-N)
02/21/03  House: Enrolled
02/21/03  House: Signed by Speaker
02/21/03  House: Bill text as passed House and Senate (HB1976ER)
02/23/03  Senate: Signed by President
03/16/03  Governor: Approved by Governor-Chapter 253 (effective 7/1/03)
03/24/03  Governor: Acts of Assembly Chapter text (CHAP0253)