Introduced
by
To establish a "uniform principal and income act" to govern the relationship and activities of fiduciaries and beneficiaries of trusts and estates. The bill includes details related to the distinction between income and principal, which can be important in determining how the economic benefits of a trust or estate will be provided to its beneficiaries. The bill would codify a model statute created by the National Conference of Commissioners on Uniform State Laws.
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the amendments be adopted and that the bill then pass.
Amendment offered
by
To correct minor drafting errors in the language of the bill.
The amendment passed by voice vote
Passed in the House 102 to 0 (details)
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
To move back the date the bill goes into effect.
The amendment passed by voice vote
Passed in the Senate 38 to 0 (details)
To establish a "uniform principal and income act" to govern the relationship and activities of fiduciaries and beneficiaries of trusts and estates. The bill includes details related to the distinction between income and principal, which can be important in determining how the economic benefits of a trust or estate will be provided to its beneficiaries. The bill would codify a model statute created by the National Conference of Commissioners on Uniform State Laws.
Amendment offered
by
To make technical changes in certain terms used in the bill.
The amendment passed by voice vote
Amendment offered
by
To correct a drafting error in the language of the bill.
The amendment passed by voice vote
Passed in the Senate 37 to 0 (details)
To establish a "uniform principal and income act" to govern the relationship and activities of fiduciaries and beneficiaries of trusts and estates. The bill includes details related to the distinction between income and principal, which can be important in determining how the economic benefits of a trust or estate will be provided to its beneficiaries. The bill would codify a model statute created by the National Conference of Commissioners on Uniform State Laws.
Passed in the House 104 to 0 (details)
To concur with the Senate-passed version of the bill.
