VA SB566 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0600)
Text: Latest bill text (Chaptered) [HTML]
Spectrum: Partisan Bill (Democrat 1-0)
Status: Passed on April 5 2024 - 100% progression
Action: 2024-04-05 - Governor: Acts of Assembly Chapter text (CHAP0600)
Text: Latest bill text (Chaptered) [HTML]
Summary
Trustees; settlement of accounts; notice and statements to beneficiaries; requirements. Provides that the beneficiary of a trust shall be deemed to have released a trustee and ratified all actions of a trustee for the administration of a trust if, when the trust terminates or the trustee ceases to serve, the trustee sends the beneficiary notice and the beneficiary does not object within 60 days after the trustee sent such notice. The bill also requires the trustee to provide to the beneficiary certain financial information related to the trust.
Title
Trusts; release or ratification of trustee by beneficiary, response of beneficiary in writing.
Sponsors
Roll Calls
2024-02-28 - House - House: VOTE: Block Vote Passage (97-Y 0-N) (Y: 97 N: 0 NV: 0 Abs: 3) [PASS]
2024-02-23 - House - House: Reported from Courts of Justice (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-13 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-12 - Senate - Senate: Reported from Courts of Justice with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-23 - House - House: Reported from Courts of Justice (21-Y 0-N) (Y: 21 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-13 - Senate - Senate: Passed Senate (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-13 - Senate - Senate: Constitutional reading dispensed (40-Y 0-N) (Y: 40 N: 0 NV: 0 Abs: 0) [PASS]
2024-02-12 - Senate - Senate: Reported from Courts of Justice with substitute (15-Y 0-N) (Y: 15 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-04-05 | Governor: Acts of Assembly Chapter text (CHAP0600) | |
| 2024-04-05 | Governor: Approved by Governor-Chapter 600 (effective 7/1/24) | |
| 2024-03-11 | Governor: Governor's Action Deadline 11:59 p.m., April 8, 2024 | |
| 2024-03-11 | Senate | Enrolled Bill Communicated to Governor on March 11, 2024 |
| 2024-03-07 | Senate | Signed by President |
| 2024-03-04 | House | Signed by Speaker |
| 2024-03-04 | Senate | Bill text as passed Senate and House (SB566ER) |
| 2024-03-04 | Senate | Enrolled |
| 2024-02-28 | House | VOTE: Block Vote Passage (97-Y 0-N) |
| 2024-02-28 | House | Passed House BLOCK VOTE (97-Y 0-N) |
| 2024-02-28 | House | Read third time |
| 2024-02-27 | House | Read second time |
| 2024-02-23 | House | Reported from Courts of Justice (21-Y 0-N) |
| 2024-02-16 | House | Referred to Committee for Courts of Justice |
| 2024-02-16 | House | Read first time |
| 2024-02-16 | House | Placed on Calendar |
| 2024-02-13 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-13 | Senate | Passed Senate (40-Y 0-N) |
| 2024-02-13 | Senate | Constitutional reading dispensed (40-Y 0-N) |
| 2024-02-13 | Senate | Engrossed by Senate - committee substitute SB566S1 |
| 2024-02-13 | Senate | Committee substitute agreed to 24106625D-S1 |
| 2024-02-13 | Senate | Reading of substitute waived |
| 2024-02-13 | Senate | Read second time |
| 2024-02-12 | Senate | Committee substitute printed 24106625D-S1 |
| 2024-02-12 | Senate | Reported from Courts of Justice with substitute (15-Y 0-N) |
| 2024-01-10 | Senate | Referred to Committee for Courts of Justice |
| 2024-01-10 | Senate | Prefiled and ordered printed; offered 01/10/24 24101324D |
Same As/Similar To
HB678 (Similar To) 2024-04-04 - Governor: Acts of Assembly Chapter text (CHAP0446)
