Delaware Senate Bill 156 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Partisan Bill (Democrat 7-0)
Status: Passed on February 25 2014 - 100% progression
Action: 2014-02-25 - Signed by Governor
Text: Latest bill text (Draft #1) [HTML]

Section 1 of the Act is intended to (i) clarify existing law regarding the ability of a trustor to provide by the terms of a governing instrument that an adviser (including a protector) is not a fiduciary; and (ii) clarify that the provisions of Section 3303 of Title 12 take precedence over the Section 3316 default rule. Section 2 of the Act is intended to (i) provide a procedure for waiving certain trust accountings; and (ii) clarify existing law regarding the relationship between Section 3546 and Delaware's virtual representation statute. Section 3 of the Act provides for the effective date of the Act.

An Act To Amend Title 12 Of The Delaware Code Relating To Fiduciary Relations

Sen. Bryan Townsend [D]	Sen. Margaret Henry [D]	Rep. Bryon Short [D]	Rep. Melanie Smith [D]
Rep. Rebecca Walker [D]	Sen. Bruce Ennis [D]	Rep. Helene Keeley [D]

2014-01-30 - House - House Third Reading (Y: 40 N: 0 NV: 0 Abs: 1) [PASS]
2014-01-15 - Senate - Senate Third Reading (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2014-02-25	Senate	Signed by Governor
2014-01-30	House	Passed by House of Representatives. Votes: Passed 40 YES 0 NO 0 NOT VOTING 1 ABSENT 0 VACANT
2014-01-28	House	Reported Out of Committee (ECONOMIC DEVELOPMENT/BANKING/INSURANCE/COMMERCE) in House with 5 Favorable, 4 On Its Merits
2014-01-16	House	Introduced and Assigned to Economic Development/Banking/Insurance/Commerce Committee in House
2014-01-15	Senate	Passed by Senate. Votes: Passed 21 YES 0 NO 0 NOT VOTING 0 ABSENT 0 VACANT
2014-01-15	Senate	Reported Out of Committee (BANKING) in Senate with 4 On Its Merits
2014-01-08	Senate	Assigned to Banking Committee in Senate

Type	Source
Summary	http://legis.delaware.gov/LIS/lis147.nsf/2bede841c6272c888025698400433a04/397aafbb8acc902285257c5400486764?OpenDocument
Text	http://legis.delaware.gov/LIS/lis147.nsf/vwLegislation/SB+156/$file/legis.html?open
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/be6f409b5019451185257c610075da7c?OpenDocument
Roll Call	http://legis.delaware.gov/LIS/lis147.nsf/7712cf7cc0e9227a852568470077336f/74ece2a7e92f998385257c700080c02a?OpenDocument