SC H3432 | 2025-2026 | 126th General Assembly
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Engrossed on February 13 2025 - 50% progression
Action: 2025-02-13 - Referred to Committee on Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Amended) [HTML]
Status: Engrossed on February 13 2025 - 50% progression
Action: 2025-02-13 - Referred to Committee on Judiciary
Pending: Senate Judiciary Committee
Text: Latest bill text (Amended) [HTML]
Summary
Amend The South Carolina Code Of Laws By Amending Section 27-6-20, Relating To Nonvested Property Interest Or Power Of Appointment, So As To Increase The Time An Interest Can Vest From Ninety Years To Three Hundred Sixty Years; By Amending Section 27-6-40, Relating To Reformation Of Property Dispositions, So As To Increase The Time Limit From Ninety Years To Three Hundred Sixty Years; By Amending Section 27-6-60, Relating To The Effect Of Timing Of Creation Of Property Interest, So As To Update Certain Dates; By Amending Section 62-7-504, Relating To Discretionary Trusts, So As To Provide Certain Situations In Which A Beneficiary Of A Trust May Not Be Considered A Settlor; By Amending Section 62-7-505, Relating To Creditors' Claims Against A Settlor, So As To Provide That Certain Amounts Paid To Taxing Authorities May Not Be Considered An Amount That May Be Distributed For The Settlor's Benefit; And By Adding Section 62-7-508 So As To Provide For Certain Grantor Trust Reimbursements.
Title
Grantor Trust Reimbursement
Sponsors
Roll Calls
2025-02-12 - House - House: Passage Of Bill (Y: 107 N: 0 NV: 6 Abs: 9) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2025-02-13 | Senate | Referred to Committee on Judiciary |
| 2025-02-13 | Senate | Introduced and read first time |
| 2025-02-13 | House | Read third time and sent to Senate |
| 2025-02-12 | House | Roll call Yeas-107 Nays-0 |
| 2025-02-12 | House | Read second time |
| 2025-02-12 | House | Amended |
| 2025-02-12 | House | Member(s) request name added as sponsor: Yow, T.Moore |
| 2025-02-06 | House | Committee report: Favorable with amendment Judiciary |
| 2025-02-06 | House | Member(s) request name added as sponsor: Mitchell |
| 2025-01-14 | House | Referred to Committee on Judiciary |
| 2025-01-14 | House | Introduced and read first time |
| 2024-12-05 | House | Referred to Committee on Judiciary |
| 2024-12-05 | House | Prefiled |
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| 27 | 6 | 20 | (n/a) | See Bill Text |
| 27 | 6 | 40 | (n/a) | See Bill Text |
| 27 | 6 | 60 | (n/a) | See Bill Text |
| 62 | 7 | 504 | (n/a) | See Bill Text |
| 62 | 7 | 505 | (n/a) | See Bill Text |
| 62 | 7 | 508 | (n/a) | See Bill Text |
