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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 HB 1605.
Introduced
Jan 7, 2025
Last Action
Mar 18, 2025
Session
VA 2025
Sponsors
1 primary · 0 co
Acts of Assembly Chapter text (CHAP0022)
Approved by Governor-Chapter 22 (Effective 07/01/25)
Enrolled Bill Communicated to Governor on February 18, 2025
Governor's Action Deadline 11:59 p.m., March 24, 2025
Signed by President
Enrolled
Bill text as passed Senate and House (SB1116ER)
Signed by Speaker
Passed House (95-Y 0-N)
Read third time
Read second time
Read first time
Referred to Committee for Courts of Justice
Reported from Courts of Justice (22-Y 0-N)
Placed on Calendar
Read third time
Read third time and passed Senate (40-Y 0-N)
Read second time and engrossed
Passed by for the day
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
Rules suspended
Reported from Courts of Justice (13-Y 0-N 2-A)
Referred to Committee for Courts of Justice
Prefiled and ordered printed; Offered 01-08-2025 25103061D
Get a plain-English explanation of what this bill does, who it affects, and why it matters.
Acts of Assembly Chapter text (CHAP0022)