Bill Text: IA SSB1003 | 2019-2020 | 88th General Assembly | Introduced
Bill Title: A bill for an act relating to the requirements for certifications of trust and including applicability provisions.
Spectrum: Committee Bill
Status: (N/A - Dead) 2019-01-17 - Subcommittee recommends passage. [SSB1003 Detail]
Download: Iowa-2019-SSB1003-Introduced.html
Senate
Study
Bill
1003
-
Introduced
SENATE
FILE
_____
BY
(PROPOSED
COMMITTEE
ON
JUDICIARY
BILL
BY
CHAIRPERSON
ZAUN)
A
BILL
FOR
An
Act
relating
to
the
requirements
for
certifications
of
trust
1
and
including
applicability
provisions.
2
BE
IT
ENACTED
BY
THE
GENERAL
ASSEMBLY
OF
THE
STATE
OF
IOWA:
3
TLSB
1218XC
(2)
88
asf/jh
S.F.
_____
Section
1.
Section
633A.4604,
subsection
2,
Code
2019,
is
1
amended
to
read
as
follows:
2
2.
The
certification
of
trust
must
contain
a
statement
do
3
all
of
the
following:
4
a.
State
that
the
trust
has
not
been
revoked,
modified,
5
or
amended
in
any
manner
which
that
would
cause
the
6
representations
contained
in
the
certification
of
trust
to
be
7
incorrect
and
must
contain
a
statement
that
it
is
being
.
8
b.
Be
signed
by
all
of
the
a
currently
acting
trustees
of
9
the
trust
and
is
sworn
and
trustee
or
the
attorney
of
an
acting
10
trustee.
11
c.
Be
subscribed
and
sworn
to
under
penalty
of
perjury
12
before
a
notary
public
as
provided
in
chapter
9B
.
13
Sec.
2.
APPLICABILITY.
This
Act
applies
to
certifications
14
of
trust
signed
on
and
after
July
1,
2019.
15
EXPLANATION
16
The
inclusion
of
this
explanation
does
not
constitute
agreement
with
17
the
explanation’s
substance
by
the
members
of
the
general
assembly.
18
This
bill
relates
to
the
requirements
for
a
certification
19
of
trust.
Under
current
law,
the
certification
of
trust
must
20
contain
a
statement
that
it
is
being
signed
by
all
of
the
21
currently
acting
trustees
of
the
trust.
Under
the
bill,
the
22
certification
of
trust
must
be
signed
by
an
acting
trustee
23
or
the
attorney
for
an
acting
trustee.
The
bill
applies
to
24
certifications
of
trust
signed
on
and
after
July
1,
2019.
25
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