SB 78 Trust decanting; authorized fiduciary.
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Summary as introduced:
Trust decanting; authorized fiduciary. Reinstates the restriction in Virginia's former trust decanting law that limits the type of fiduciary who may exercise the decanting power to a disinterested trustee. The bill also reinstates the former provisions that state that the decanting power may be exercised by a majority of the authorized fiduciaries and that the court has the power to appoint a special fiduciary to exercise the decanting power. The bill contains an emergency clause.

Full text:
12/04/17  Senate: Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D  pdf
03/05/18  Senate: Bill text as passed Senate and House (SB78ER)  pdf
03/23/18  Governor: Acts of Assembly Chapter text (CHAP0476)  pdf

Status:
12/04/17  Senate: Prefiled and ordered printed with emergency clause; offered 01/10/18 18101870D
12/04/17  Senate: Referred to Committee for Courts of Justice
01/24/18  Senate: Reported from Courts of Justice (15-Y 0-N)
01/26/18  Senate: Constitutional reading dispensed (35-Y 0-N)
01/29/18  Senate: Read second time and engrossed
01/30/18  Senate: Read third time and passed Senate (39-Y 0-N)
02/05/18  House: Placed on Calendar
02/05/18  House: Read first time
02/05/18  House: Referred to Committee for Courts of Justice
02/15/18  House: Assigned Courts sub: Subcommittee #2
02/19/18  House: Subcommittee recommends reporting (8-Y 0-N)
02/23/18  House: Reported from Courts of Justice (18-Y 0-N)
02/27/18  House: Read second time
02/28/18  House: Read third time
02/28/18  House: Passed House BLOCK VOTE (98-Y 0-N)
02/28/18  House: VOTE: BLOCK VOTE PASSAGE (98-Y 0-N)
03/05/18  Senate: Enrolled
03/05/18  Senate: Bill text as passed Senate and House (SB78ER)
03/05/18  House: Signed by Speaker
03/08/18  Senate: Signed by President
03/14/18  Senate: Enrolled Bill Communicated to Governor on March 14, 2018
03/14/18  Governor: Governor's Action Deadline Midnight, April 9, 2018
03/23/18  Governor: Approved by Governor-Chapter 476 (effective 3/23/18)
03/23/18  Governor: Acts of Assembly Chapter text (CHAP0476)