KY HB104 | 2015 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on April 3 2015 - 100% progression
Action: 2015-04-03 - signed by Governor (Acts, ch. 121)
Text: Latest bill text (Draft #2) [MS Word]
Spectrum: Partisan Bill (Republican 2-0)
Status: Passed on April 3 2015 - 100% progression
Action: 2015-04-03 - signed by Governor (Acts, ch. 121)
Text: Latest bill text (Draft #2) [MS Word]
Summary
Amend KRS 386B.10-050 to provide that a claim for breach of trust must be brought within five years of the act constituting the breach; amend KRS 386B.8-180 to provide that after notice is sent to a trust beneficiary or other qualified person relating to the distribution of the trust, the time for a written objection by the beneficiary or other qualified person is expanded; require that a trustee only proceed with the distribution of trust assets after the expiration of the time allowed for written objection; forbid a trustee from requesting that a beneficiary indemnify the trustee against loss in exchange for the trustee forgoing a request by the court to approve its accounts at the time the trust terminates or at the time the trustee is removed or resigns; amend KRS 413.120 and 413.130 to conform to changes; repeal KRS 413.340.
Title
AN ACT relating to trusts and estates.
Sponsors
| Rep. Thomas Kerr [R] | Rep. Sal Santoro [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2015-04-03 | House | signed by Governor (Acts, ch. 121) |
| 2015-03-24 | House | delivered to Governor |
| 2015-03-24 | House | enrolled, signed by each presiding officer |
| 2015-03-24 | House | received in House |
| 2015-03-23 | Senate | 3rd reading, passed 37-0 |
| 2015-03-11 | Senate | passed over and retained in the Consent Orders of the Day |
| 2015-03-11 | Senate | posted for passage in the Consent Orders of the Day for Wednesday, March 11, 2015 |
| 2015-03-10 | Senate | 2nd reading, to Rules |
| 2015-03-09 | Senate | reported favorably, 1st reading, to Consent Calendar |
| 2015-03-03 | Senate | to Judiciary (S) |
| 2015-03-02 | Senate | received in Senate |
| 2015-02-27 | House | 3rd reading, passed 92-0 with Committee Substitute, floor amendment (1) |
| 2015-02-26 | House | floor amendment (1) filed to Committee Substitute |
| 2015-02-26 | House | posted for passage in the Regular Orders of the Day for Friday, February 27, 2015 |
| 2015-02-26 | House | 2nd reading, to Rules |
| 2015-02-25 | House | reported favorably, 1st reading, to Calendar with Committee Substitute |
| 2015-02-23 | House | posted in committee |
| 2015-01-06 | House | to Judiciary (H) |
| 2015-01-06 | House | introduced in House |
