Virginia House Bill 1448 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Engrossed on January 25 2017 - 50% progression, died in chamber
Action: 2017-02-15 - Passed by indefinitely in Courts of Justice (11-Y 3-N 1-A)
Text: Latest bill text (Engrossed) [HTML]

Qualified trustee of self-settled spendthrift trusts. Allows any legal entity authorized by law to act as a trustee to serve as a qualified trustee of a self-settled spendthrift trust. Under current law, only a natural person who resides in the Commonwealth or a legal entity authorized to engage in trust business (i.e., a bank or trust company) may serve as a qualified trustee. The bill would expand the definition of "independent qualified trustee" and "qualified trustee" to include entities such as law firms and charitable organizations, when such entities are authorized by law to act as trustees.

Self-settled spendthrift trusts; certain legal entities to act as qualified trustee.

Del. Jason Miyares [R]

2017-02-15 - Senate - Senate: Passed by indefinitely in Courts of Justice (11-Y 3-N 1-A) (Y: 11 N: 3 NV: 0 Abs: 1) [PASS]
2017-01-26 - House - House: VOTE: BLOCK VOTE PASSAGE (99-Y 0-N) (Y: 99 N: 0 NV: 0 Abs: 0) [PASS]
2017-01-20 - House - House: Reported from Courts of Justice with amendment (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 0) [PASS]
2017-01-16 - House - House: Subcommittee recommends reporting with amendment (10-Y 0-N) (Y: 10 N: 0 NV: 0 Abs: 0) [PASS]

Date	Chamber	Action
2017-02-15	Senate	Passed by indefinitely in Courts of Justice (11-Y 3-N 1-A)
2017-01-27	Senate	Referred to Committee for Courts of Justice
2017-01-27	Senate	Constitutional reading dispensed
2017-01-26	House	VOTE: BLOCK VOTE PASSAGE (99-Y 0-N)
2017-01-26	House	Read third time and passed House BLOCK VOTE (99-Y 0-N)
2017-01-25	House	Printed as engrossed 17100557D-E
2017-01-25	House	Engrossed by House as amended HB1448E
2017-01-25	House	Committee amendment agreed to
2017-01-25	House	Read second time
2017-01-24	House	Read first time
2017-01-20	House	Reported from Courts of Justice with amendment (21-Y 0-N)
2017-01-16	House	Subcommittee recommends reporting with amendment (10-Y 0-N)
2017-01-13	House	Assigned Courts sub: Civil Law
2016-12-01	House	Referred to Committee for Courts of Justice
2016-12-01	House	Prefiled and ordered printed; offered 01/11/17 17100557D

Chapter	Article	Section	Citation Type	Statute Text
64	2	745.2	(n/a)	See Bill Text

Type	Source
Summary	https://lis.virginia.gov/cgi-bin/legp604.exe?171+sum+HB1448
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1448+hil
Text	https://lis.virginia.gov/cgi-bin/legp604.exe?171+ful+HB1448E+hil
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H0802V0001+HB1448
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+H08V0014+HB1448
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+HV1595+HB1448
Roll Call	https://lis.virginia.gov/cgi-bin/legp604.exe?171+vot+S03V0289+HB1448