HB 1448 Self-settled spendthrift trusts; certain legal entities to act as qualified trustee.
Jason S. Miyares (by request) | all patrons    ...    notes
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Summary as passed House: (all summaries)

Qualified trustee of self-settled spendthrift trusts. Allows any legal entity authorized by law to act as a trustee to serve as a qualified trustee of a self-settled spendthrift trust. Under current law, only a natural person who resides in the Commonwealth or a legal entity authorized to engage in trust business (i.e., a bank or trust company) may serve as a qualified trustee. The bill would expand the definition of "independent qualified trustee" and "qualified trustee" to include entities such as law firms and charitable organizations, when such entities are authorized by law to act as trustees.

Full text:
12/01/16  House: Prefiled and ordered printed; offered 01/11/17 17100557D  pdf
01/25/17  House: Printed as engrossed 17100557D-E  pdf

Amendments:
House amendments

Status:
12/01/16  House: Prefiled and ordered printed; offered 01/11/17 17100557D
12/01/16  House: Referred to Committee for Courts of Justice
01/13/17  House: Assigned Courts sub: Civil Law
01/16/17  House: Subcommittee recommends reporting with amendment (10-Y 0-N)
01/20/17  House: Reported from Courts of Justice with amendment (21-Y 0-N)
01/24/17  House: Read first time
01/25/17  House: Read second time
01/25/17  House: Committee amendment agreed to
01/25/17  House: Engrossed by House as amended HB1448E
01/25/17  House: Printed as engrossed 17100557D-E
01/26/17  House: Read third time and passed House BLOCK VOTE (99-Y 0-N)
01/26/17  House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
01/27/17  Senate: Constitutional reading dispensed
01/27/17  Senate: Referred to Committee for Courts of Justice
02/15/17  Senate: Passed by indefinitely in Courts of Justice (11-Y 3-N 1-A)