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2019 Regular Session
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Overview
At the request of:
Chief Sponsors:
Regular Sponsors:
Bill Title: Relating to noncharitable trusts with business purposes.
Catchline/Summary: 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.
Chapter Number:
Fiscal Impact: Has Minimal Fiscal Impact
Revenue Impact: No Revenue Impact
Measure Analysis: Staff Measure Summary / Impact Statements
Current Location: Governors Office - Awaiting Signature
Current Committee:
Current Subcommittee:
Subsequent Referral(s):
Potential Conflicts of Interest/Vote Explanations: Potential Conflicts of Interest/Vote Explanation Documents
Measure History
Scheduled Events