Trust code revisions.

Passed on 3/5/25

Summary

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From the Legislature

AN ACT relating to the uniform trust code; clarifying the definition of "qualified trustee"; specifying who is required to receive notice for judicial proceedings related to trusts; specifying that no rule of perpetuities applies to noncharitable purpose trusts; specifying when a trustee can reimburse a person for certain tax costs attributable to the trust; specifying applicability; and providing for an effective date.

Sponsors

0
4
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Democratic CaucusRepublican Caucus

Roll Call Votes

60 Yea

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0 Nay

2 Absent

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Calendar

Jan 27, 2025

12:00 AM

Senate Minerals

Feb 24, 2025

7:30 AM

House Minerals