Bill Status of HB4137 93rd General Assembly
Short Description: TRUSTS-ANIMAL TRUSTS
Rep. Terry R. Parke
| 1/11/2005||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Trusts and Trustees Act. Provides that a trust for the care of one or more designated domestic or pet animals is valid. Establishes rules regarding the administration and termination of these trusts. Provides that trust instruments shall be liberally construed to bring the transfer within the new provision and to carry out the intent of the transferor. Provides that these trusts are exempt from the operation of the common law rule against perpetuities.
|Date||Chamber|| Action|| 1/16/2004||House||Filed with the Clerk by Rep. Terry R. Parke|| 1/20/2004||House||First Reading|| 1/20/2004||House||Referred to Rules Committee|| 1/11/2005||House||Session Sine Die|