2007 House Bill 4602

Senate Roll Call 313: Passed

To exempt personal property held in certain trusts from the law against "perpetuities.” "Perpetuities" is a legal doctrine intended to prevent assets from being tied-up in long-term family or "dynasty" trusts. However, the law has the effect of causing trusts to be set up in other states.

38 Yeas / 0 Nays
Republican (21 Yeas / 0 Nays)
Democrat (17 Yeas / 0 Nays)