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Uniform Trust Code; qualified trustee; definition. Expands the definitions of "independent qualified trustee" and "qualified trustee" to authorize additional entities to serve as an independent qualified trustee or a qualified trustee of a qualified self-settled spendthrift trust. This bill is identical to SB 1116.
Introduced
Jan 3, 2025
Last Action
Mar 18, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0005)
Approved by Governor-Chapter 5 (Effective 07/01/25)
Governor's Action Deadline 11:59 p.m., March 24, 2025
Enrolled Bill communicated to Governor on February 18, 2025
Signed by President
Bill text as passed House and Senate (HB1605ER)
Signed by Speaker
Enrolled
Passed Senate (39-Y 0-N)
Read third time
Constitutional reading dispensed (on 2nd reading) (38-Y 0-N)
Rules suspended
Passed by for the day
Reported from Courts of Justice (14-Y 0-N)
Referred to Committee for Courts of Justice
Constitutional reading dispensed (on 1st reading)
Read third time and passed House (97-Y 0-N)
Read second time and engrossed
Read first time
Reported from Courts of Justice (22-Y 0-N)
Subcommittee recommends reporting (8-Y 0-N)
Assigned Courts sub: Civil
Prefiled and ordered printed; Offered 01-08-2025 25102763D
Referred to Committee for Courts of Justice
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0005)