Bill Text: IN HR0005 | 2013 | Regular Session | Introduced
Bill Title: Probate code study commission to study trust beneficiaries.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Passed) 2013-01-15 - First reading: adopted voice vote [HR0005 Detail]
Download: Indiana-2013-HR0005-Introduced.html
Introduced Version
HOUSE
RESOLUTION No. 5
Introduced by: Heaton
____________________________________
A RESOLUTION urging the legislative council to assign
to the probate code study commission the topic of trust
beneficiaries.
Whereas, A beneficiary of a trust is defined as "a person
for whom a trust was created, and who receives the benefits of
that trust"; and
Whereas, The rights of beneficiaries must be guarded and
protected: Therefore,
Be it resolved by the House of Representatives of the
General Assembly of the State of Indiana:
SECTION 1. That the legislative council is urged to assign to the probate code study commission the topic of trust beneficiaries,
including the following:
1. Requiring securities of a trust be deposited in a clearing
corporation.
2. Requiring a clearing corporation provide reports directly to
the beneficiary of a trust.
3. Rules that govern trustees.
20131924
HR 1506/DI 84
2013
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