MS SB2416 | 2010 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 2 2010 - 100% progression
Action: 2010-02-02 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Spectrum: Partisan Bill (Republican 1-0)
Status: Failed on February 2 2010 - 100% progression
Action: 2010-02-02 - Died In Committee
Text: Latest bill text (Introduced) [HTML]
Summary
An Act To Be Known And Cited As The Mississippi Qualified Disposition Act; To Create New Section 91-9-701, Mississippi Code Of 1972, To Enact A Short Title; To Create New Section 91-9-703, Mississippi Code Of 1972, To Create Definitions; To Create New Section 91-9-705, Mississippi Code Of 1972, To Specify The Contents Of A Qualified Affidavit; To Create New Section 91-9-707, Mississippi Code Of 1972, To Provide For Claims And Actions Against Property Subject To Qualified Disposition; To Create New Section 91-9-709, Mississippi Code Of 1972, To Specify The Transferor's Powers And Rights; To Create New Section 91-9-711, Mississippi Code Of 1972, To Provide When And Under What Circumstances A Qualified Disposition May Be Avoided; To Create New Section 91-9-713, Mississippi Code Of 1972, To Enact A Spendthrift Provision; To Create New Section 91-9-715, Mississippi Code Of 1972, To Specify Persons Qualified To Serve As Trustees And Advisors; To Create New Section 91-9-717, Mississippi Code Of 1972, To Specify Persons Qualified To Serve As Investment Advisors; To Create New Section 91-9-719, Mississippi Code Of 1972, To Provide For Appointment Of Successor Trustees; To Create New Section 91-9-721, Mississippi Code Of 1972, To Provide When A Trust Is Not Revocable; To Create New Section 91-9-723, Mississippi Code Of 1972, To Provide For Applicability Of The Article; To Amend Sections 91-9-503, 91-9-505 And 91-9-507, Mississippi Code Of 1972, To Conform; To Repeal Section 91-9-509, Mississippi Code Of 1972, Which Provides For The Situation When A Settlor Is Beneficiary Of A Settlor-created Trust As Inconsistent With This Act; And For Related Purposes.
Title
Qualified Disposition Act; create to provide for self-settled spendthrift funds.
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2010-02-02 | Died In Committee | |
| 2010-01-11 | Referred To Judiciary, Division A;Business and Financial Institutions |
Mississippi State Sources
| Type | Source |
|---|---|
| Summary | https://billstatus.ls.state.ms.us/2010/pdf/history/SB/SB2416.xml |
| Text | https://billstatus.ls.state.ms.us/documents/2010/html/SB/2400-2499/SB2416IN.htm |
