CS/HB 435 (2008) -  Trust Administration

General Bill by Safety & Security Council and Hukill (CO-SPONSORS) Meadows; Schwartz; Seiler
Trust Administration: Provides exceptions to duties & liabilities of cotrustees for excluded cotrustees under specified circumstances; relieves excluded cotrustees from specified liabilities & obligations under specified circumstances; provides for liabilities & obligations of included cotrustees; provides exception for trustee payments of costs & attorney's fees from trust assets except pursuant to court order under specified circumstances; requires trustees to provide notice to beneficiaries; provides requirements for obtaining court order; specifies remedies; provides for specified refunds & sanctions; preserves court remedies; specifies periods of repose barring claims by beneficiary against trustee.
Effective Date: July 1, 2008
Last Event: 05/28/08 Approved by Governor; Chapter No. 2008-76 on Wednesday, May 28, 2008 2:58 PM

Referred Committees and Committee Actions

House Referrals

Related Bills

Bill # Subject Relationship
Bill #: CS/SB 2164 Subject: Trust Administration [LPCC] Relationship: Identical

Bill Text

Staff Analysis

Chamber Committee
Chamber: House Committee: Safety & Security Council 3/24/2008 2:30:25 PM
Chamber: House Committee: Safety & Security Council 3/11/2008 12:31:26 PM
Chamber: House Committee: Committee on Constitution & Civil Law 3/5/2008 4:55:07 PM
Chamber: House Committee: Committee on Constitution & Civil Law 3/3/2008 4:56:52 PM

Vote History

Chamber Date Yeas Nays Action Action 2 Vote Detail Barcode
Chamber: House Date: 04/18/2008 01:54 PM   Yeas: 39 Nays: 72 Action: Motion Action 2: Vote Detail: Vote [Seq# 772] Barcode:
Chamber: House Date: 04/18/2008 02:05 PM   Yeas: 108 Nays: 0 Action: Passage Action 2: Vote Detail: Vote [Seq# 773] Barcode:
Chamber: Senate Date: 04/24/2008 10:28 AM   Yeas: 39 Nays: 0 Action: Action 2: Vote Detail: Vote [Seq# 8] Barcode:

Bill History

Event Time Member Committee Ver.
Event: Approved by Governor; Chapter No. 2008-76 Time: 05/28/2008 - 2:58 PM Member: Committee: Version: er
Event: Signed by Officers and presented to Governor Time: 05/16/2008 - 5:03 PM Member: Committee: Version: er
Event: H Ordered enrolled Time: 04/25/2008 - 12:56 PM Member: Committee: Version: c1
Event: H In Messages Time: 04/25/2008 - 12:56 PM Member: Committee: Version: c1
Event: S CS passed; YEAS 39 NAYS 0 -SJ 00785 Time: 04/24/2008 - 10:28 AM Member: Committee: Version: er
Event: S Read 3rd time -SJ 00785 Time: 04/24/2008 - 10:27 AM Member: Committee: Version: er
Event: S Read 2nd time -SJ 00741 Time: 04/23/2008 - 3:03 PM Member: Committee: Version: er
Event: S Substituted for CS/SB 2164 -SJ 00741 Time: 04/23/2008 - 3:03 PM Member: Committee: Version: er
Event: S Withdrawn from Judiciary; Banking and Insurance -SJ 00741 Time: 04/23/2008 - 3:03 PM Member: Committee: Version: er
Event: S Received -SJ 00775 Time: 04/23/2008 - 3:03 PM Member: Committee: Version: er
Event: S Referred to Judiciary; Banking and Insurance -SJ 00775 Time: 04/22/2008 - 5:10 PM Member: Committee: Version: er
Event: S In Messages Time: 04/22/2008 - 4:32 PM Member: Committee: Version: er
Event: H Message sent to senate Time: 04/22/2008 - 4:20 PM Member: Committee: Version: c1
Event: H Passage on third reading Time: 04/18/2008 - 2:05 PM Member: Committee: Version: c1
Event: H CS passed; YEAS 108, NAYS 0 Time: 04/18/2008 - 2:05 PM Member: Committee: Version: c1
Event: H Read 3rd time Time: 04/18/2008 - 2:00 PM Member: Committee: Version: c1
Event: H Added to Third Reading Calendar Time: 04/16/2008 - 7:30 PM Member: Committee: Version: c1
Event: H Read 2nd time Time: 04/16/2008 - 4:34 PM Member: Committee: Version: c1
Event: H Bill added to Special Order Calendar (4/16/2008) Time: 04/14/2008 - 10:04 PM Member: Committee: Version: c1
Event: H Added to Second Reading Calendar Time: 03/25/2008 - 10:06 AM Member: Committee: Version: c1
Event: H Bill referred to House Calendar Time: 03/25/2008 - 10:06 AM Member: Committee: Version: c1
Event: H 1st Reading Time: 03/24/2008 - 6:53 PM Member: Committee: Version: c1
Event: H CS Filed Time: 03/24/2008 - 2:45 PM Member: Committee: Version: c1
Event: H Laid on Table under Rule 7.19 Time: 03/24/2008 - 2:45 PM Member: Committee: Version: __
Event: H Reported out of Safety & Security Council Time: 03/24/2008 - 2:32 PM Member: Committee: Safety & Security Council Version: __
Event: H Favorable with CS by Safety & Security Council Time: 03/19/2008 - 2:45 PM Member: Committee: Safety & Security Council Version: __
Event: H Added to Safety & Security Council agenda Time: 03/17/2008 - 4:24 PM Member: Committee: Safety & Security Council Version: __
Event: H Added to Safety & Security Council agenda Time: 03/10/2008 - 4:18 PM Member: Committee: Safety & Security Council Version: __
Event: H Now in Safety & Security Council Time: 03/05/2008 - 4:56 PM Member: Committee: Safety & Security Council Version: __
Event: H Reported out of Committee on Constitution & Civil Law Time: 03/05/2008 - 4:56 PM Member: Committee: Committee on Constitution & Civil Law Version: __
Event: H Favorable with 1 amendment(s) by Committee on Constitution & Civil Law Time: 03/05/2008 - 9:45 AM Member: Committee: Committee on Constitution & Civil Law Version: __
Event: H 1st Reading Time: 03/04/2008 - 10:58 PM Member: Committee: Version: __
Event: H Added to Committee on Constitution & Civil Law agenda Time: 03/03/2008 - 4:11 PM Member: Committee: Committee on Constitution & Civil Law Version: __
Event: H Now in Committee on Constitution & Civil Law Time: 01/30/2008 - 8:31 AM Member: Committee: Committee on Constitution & Civil Law Version: __
Event: H Referred to Committee on Constitution & Civil Law by Safety & Security Council Time: 01/30/2008 - 8:31 AM Member: Committee: Committee on Constitution & Civil Law Version: __
Event: H Now in Safety & Security Council Time: 01/10/2008 - 7:38 PM Member: Committee: Safety & Security Council Version: __
Event: H Referred to Safety & Security Council Time: 01/10/2008 - 7:38 PM Member: Committee: Safety & Security Council Version: __
Event: H Filed Time: 01/02/2008 - 10:26 AM Member: Hukill Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
736.0703
736.0802 HB 7011
736.1008