MI SB1010 | 2015-2016 | 98th Legislature
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on June 1 2016 - 25% progression, died in committee
Action: 2016-06-01 - Referred To Committee On Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Status: Introduced on June 1 2016 - 25% progression, died in committee
Action: 2016-06-01 - Referred To Committee On Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Introduced) [HTML]
Summary
Probate; trusts; duties of a trustee with respect to irrevocable life insurance trusts; exempt from prudent investor rule under certain conditions. Amends 1998 PA 386 (MCL 700.1101 - 700.8206) by adding sec. 1511a.
Title
Probate; trusts; duties of a trustee with respect to irrevocable life insurance trusts; exempt from prudent investor rule under certain conditions. Amends 1998 PA 386 (MCL 700.1101 - 700.8206) by adding sec. 1511a.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2016-06-01 | Senate | Referred To Committee On Judiciary |
| 2016-06-01 | Senate | Introduced By Senator Tonya Schuitmaker |
Subjects
Michigan State Sources
| Type | Source |
|---|---|
| Summary | https://legislature.mi.gov/doc.aspx?2016-SB-1010 |
| Text | https://legislature.mi.gov/documents/2015-2016/billintroduced/Senate/htm/2016-SIB-1010.htm |
