CS/SB 978 (2012) -  Florida Uniform Principal and Income Act

General Bill by Judiciary and Fasano
Florida Uniform Principal and Income Act: Deleting a provision authorizing a trustee to release the power to adjust between principal and income if the trustee desires to convert the form of certain trusts; deleting a duplicative provision relating to conclusive determinations of the terms of a unitrust; revising provisions relating to the determination and distribution of net income; substituting the term “fiduciary” for “trustee” to clarify that provisions apply to all fiduciaries; revising provisions relating to the allocation between income and principal when liquidating assets, etc.
Effective Date: 01/01/2013
Last Event: 03/09/12 S Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1050 (Ch. 2012-49) on Friday, March 9, 2012 11:59 PM

Referred Committees and Committee Actions

Senate Referrals

  • Judiciary
    • On agenda for: 01/25/12 3:30 PM
    • Favorable With Committee Substitute (final action) Votes: Yeas 6   Nays 0
  • Banking and Insurance
  • Budget

Related Bills

Bill # Subject Relationship
Bill #: CS/HB 823 Subject: Florida Uniform Principal and Income Act Relationship: Similar
Bill #: CS/SB 1050 Subject: Fiduciaries Relationship: Similar

Bill Text

Staff Analysis

Chamber Committee
Chamber: Senate Committee: Judiciary 1/26/2012 9:49:15 AM
Chamber: Senate Committee: Judiciary 1/24/2012 3:37:33 PM

Vote History

(No Votes Recorded)

Bill History

Event Time Member Committee Ver.
Event: S Died in Banking and Insurance, companion bill(s) passed, see CS/SB 1050 (Ch. 2012-49) Time: 03/09/2012 - 11:59 PM Member: Committee: Version: c1
Event: S CS by Judiciary read 1st time -SJ 287 Time: 01/27/2012 - 5:40 PM Member: Committee: Version: c1
Event: S Now in Banking and Insurance -SJ 280 Time: 01/27/2012 - 9:38 AM Member: Committee: Version: c1
Event: S Pending reference review under Rule 4.7(2) - (Committee Substitute) Time: 01/26/2012 - 10:05 AM Member: Committee: Version: c1
Event: S CS by Judiciary; YEAS 6 NAYS 0 -SJ 280 Time: 01/25/2012 - 4:45 PM Member: Committee: Version: __
Event: S On Committee agenda-- Judiciary, 01/25/12, 3:30 pm, 110 Senate Office Building Time: 01/20/2012 - 2:40 PM Member: Committee: Version: __
Event: S Introduced -SJ 81 Time: 01/10/2012 - 8:28 AM Member: Committee: Version: __
Event: S Referred to Judiciary; Banking and Insurance; Budget -SJ 81 Time: 12/06/2011 - 4:33 PM Member: Committee: Version: __
Event: S Filed Time: 11/16/2011 - 2:23 PM Member: Committee: Version: __

Statutes Referenced by this Bill

Statute Other Bill Citations
738.102 CS/HB 823, CS/SB 1050
738.103 CS/HB 823, CS/SB 1050
738.104 CS/HB 823, CS/SB 1050
738.1041 CS/HB 823, CS/SB 1050
738.105 CS/HB 823, CS/SB 1050
738.201 CS/HB 823, CS/SB 1050
738.202 CS/HB 823, CS/SB 1050
738.301 CS/HB 823, CS/SB 1050
738.302 CS/HB 823, CS/SB 1050
738.303 CS/HB 823, CS/SB 1050
738.401 CS/HB 823, CS/SB 1050
738.402 CS/HB 823, CS/SB 1050
738.403 CS/HB 823, CS/SB 1050
738.501 CS/HB 823, CS/SB 1050
738.502 CS/HB 823, CS/SB 1050
738.503 CS/HB 823, CS/SB 1050
738.504 CS/HB 823, CS/SB 1050
738.601 CS/HB 823, CS/SB 1050
738.602 CS/HB 823, CS/SB 1050
738.603 CS/HB 823, CS/SB 1050
738.604 CS/HB 823, CS/SB 1050
738.605 CS/HB 823, CS/SB 1050
738.606 CS/HB 823, CS/SB 1050
738.607 CS/HB 823, CS/SB 1050
738.608 CS/HB 823, CS/SB 1050
738.701 CS/HB 823, CS/SB 1050
738.702 CS/HB 823, CS/SB 1050
738.703 CS/HB 823, CS/SB 1050
738.704 CS/HB 823, CS/SB 1050
738.705 CS/HB 823, CS/SB 1050
738.801 CS/HB 823, CS/SB 1050

(*) Not the latest version