SB 131 - The Revised Georgia Trust Code of 2009; comprehensively revise provisions relating to trusts

Current VersionPDF Version

Committees

Current Status

05/27/10 - Senate Date Signed by Governor

First Reader Summary

A BILL to be entitled an Act to amend Title 53 of the Official Code of Georgia Annotated, relating to wills, trusts, and estates, so as to provide a short title; to comprehensively revise provisions relating to trusts, charitable trusts, trustees, and trust investments; to provide for general provisions relating to trusts; to provide for the creation and validity of express trusts; to provide for revocable trusts; to provide for reformation, modification, division, consolidation, and termination of trusts; to amend Code Section 7-1-242 of the Official Code of Georgia Annotated, relating to restrictions on corporate fiduciaries, so as to provide that nonprofit corporations and other entities may lawfully act as a fiduciary; to repeal conflicting laws; and for other purposes.

Votes

Electronically Recorded Votes
DateTimeVote NoYeasNaysNVExcDescription
03/04/200911:33AMSenate Vote #114047001006002PASSAGE BY SUBSTITUTE
02/16/201011:33AMHouse Vote #578162002009007PASS
04/20/20104:28PMSenate Vote #753048000004004AGREE TO HOUSE SUBSTITUTE AS AMENDED
04/29/201010:05PMHouse Vote #1028154003015008Agree Sen Am to H/Sub

Status History

Bill History
DateAction
02/10/2009Senate Read and Referred
02/26/2009Senate Committee Favorably Reported
03/03/2009Senate Read Second Time
03/04/2009Senate Third Read
03/04/2009Senate Passed/Adopted
03/05/2009House First Readers
03/09/2009House Second Readers
01/27/2010House Committee Favorably Reported
02/16/2010House Third Readers
02/16/2010House Passed/Adopted
04/20/2010Senate Agrees House Amend or Sub
04/29/2010House Agree Senate Amend or Sub
05/13/2010Senate Sent to Governor
05/27/2010Senate Date Signed by Governor
05/27/2010Act 506
07/01/2010Effective Date

Footnotes

2/16/2010 Modified Structured Rule
4/20/2010 Senate agreed to House substitute as amended
4/29/2010 House agrees to the Senate Amendment to the House Substitute