HB 665 Trusts; duties of trustees and commissioners of accounts.
R. Creigh Deeds | all patrons    ...    notes
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Summary:
Commissioners of accounts. Authorizes the court, in its order authorizing the trust or additions thereto, to subject trustees of trusts created for minors in personal injury cases to the same duties to qualify and account as apply to testamentary trustees.

Trustees are required to file an inventory with the commissioner within four months after receipt of any assets and thereafter as assets are received or discovered. The assets are to be valued in the inventory as of the date they are received by the trustee.

A trustee is required to promptly deliver a copy of the trustee's deed to the commissioner. The trustee's deed must include the trustee's mailing address. The provisions governing the filing of a list of heirs are simplified and various provisions are modified to reflect forms created by the Office of the Executive Secretary and provided to the clerks.

Full text:
01/22/98  House: Presented & ordered printed 988360837  pdf
02/11/98  House: Printed as engrossed 988360837-E  pdf
03/11/98  Senate: Floor substitute printed 988466739-S1 (Williams)  pdf
03/31/98  House: Bill text as passed House and Senate (HB665ER)  pdf
04/27/98  Governor: Acts of Assembly Chapter text (CHAP0610)  pdf

Amendments:
House amendments
Senate amendments
Senate amendments engrossed
Senate amendments rejected

Status:
01/22/98  House: Presented & ordered printed 988360837
01/22/98  House: Referred to Committee for Courts of Justice
01/26/98  House: Assigned to C. J. sub-committee: 2
02/06/98  House: Reported from C. J. with amendments (20-Y 3-N)
02/09/98  House: Read first time
02/10/98  House: Read second time
02/10/98  House: Passed by for the day
02/11/98  House: Read second time
02/11/98  House: Committee amendments agreed to
02/11/98  House: Amendment by Mr. Deeds agreed to
02/11/98  House: Engrossed by House as amended
02/11/98  House: Printed as engrossed 988360837-E
02/12/98  House: Read third time and passed House (89-Y 8-N)
02/12/98  House: VOTE: PASSAGE (89-Y 8-N)
02/12/98  House: Communicated to Senate
02/13/98  Senate: Constitutional reading dispensed
02/13/98  Senate: Referred to Committee for Courts of Justice
02/23/98  Senate: Assigned to C. J. sub-committee: Civil & Property Law
03/08/98  Senate: Reported from Courts of Justice w/amds. (13-Y 0-N 1-A)
03/09/98  Senate: Const. reading disp., passed by for the day (39-Y 0-N)
03/09/98  Senate: VOTE: (39-Y 0-N)
03/10/98  Senate: Read third time
03/10/98  Senate: Reading of amendments waived
03/10/98  Senate: Committee amendments agreed to
03/10/98  Senate: Passed by for the day
03/11/98  Senate: Read third time
03/11/98  Senate: Committee amendments reconsidered (40-Y 0-N)
03/11/98  Senate: VOTE: RECONSIDER R (40-Y 0-N)
03/11/98  Senate: Committee amendments rejected
03/11/98  Senate: Reading of substitute waived
03/11/98  Senate: Substitute by Sen. Williams offered
03/11/98  Senate: Passed by for the day
03/11/98  Senate: Floor substitute printed 988466739-S1 (Williams)
03/12/98  Senate: Read third time
03/12/98  Senate: Reading of substitute waived
03/12/98  Senate: Substitute by Sen. Williams rejected (15-Y 23-N 2-A)
03/12/98  Senate: VOTE: FLOOR SUB. WILLIAMS V (15-Y 23-N 2-A)
03/12/98  Senate: Reconsider committee amendments agreed to (40-Y 0-N)
03/12/98  Senate: VOTE: RECONSIDER R (40-Y 0-N)
03/12/98  Senate: Committee amendments agreed to
03/12/98  Senate: Engrossed by Senate as amended
03/12/98  Senate: Passed Senate with amendments (39-Y 0-N)
03/12/98  Senate: VOTE: PASSAGE R (39-Y 0-N)
03/12/98  House: Placed on Calendar
03/12/98  House: Senate amendments agreed to by House (90-Y 6-N)
03/12/98  House: VOTE: ADOPTION (90-Y 6-N)
03/12/98  House: Title replaced
03/31/98  House: Bill text as passed House and Senate (HB665ER)
04/06/98  House: Enrolled
04/06/98  House: Signed by Speaker
04/08/98  Senate: Signed by President
04/15/98  Governor: Approved by Governor-Chapter 610 (effective 7/1/98)
04/27/98  Governor: Acts of Assembly Chapter text (CHAP0610)