2017 House Bill 5362 / 2018 Public Act 491

Revise content details of certificate of trusts

Introduced in the House

Dec. 13, 2017

Introduced by Rep. Pete Lucido (R-36)

To revise details of the information that is required in a "certificate of trust" that is used in a transaction involving assets that are held in a trust, which avoids of furnishing a copy of the complete trust agreement to a third party.

Referred to the Committee on Judiciary

Oct. 2, 2018

Reported without amendment

With the recommendation that the substitute (H-2) be adopted and that the bill then pass.

Nov. 29, 2018

Passed in the House 108 to 1 (details)

Received in the Senate

Dec. 4, 2018

Referred to the Committee on Judiciary

Dec. 12, 2018

Reported without amendment

With the recommendation that the bill pass.

Dec. 13, 2018

Passed in the Senate 37 to 0 (details)

To revise details of the information that is required in a "certificate of trust" that is used in a transaction involving assets that are held in a trust, which avoids of furnishing a copy of the complete trust agreement to a third party.

Signed by Gov. Rick Snyder

Dec. 24, 2018