2019 Regular Session
|At the request of:|
|Bill Title:||Relating to noncharitable trusts with business purposes.|
Permits creation of certain noncharitable business purpose trusts.
Permits creation of certain noncharitable business purpose trust] trusts. Provides exemption from statutory rule against perpetuities for certain noncharitable business purpose trust] trusts if terms of trust expressly] clearly elect exemption.
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||No Revenue Impact|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||Governors Office - Awaiting Signature|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|