90th General Assembly
Summary of HB1432
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House Sponsors:
WOOD.

Short description: 
TRUSTS-RULE AGNST PERPETUITIES                                             

Synopsis of Bill as introduced:
        Amends the Statute Concerning Perpetuities.   Provides  that  the      
   rule  against  perpetuities  shall  not  apply to trusts created by an      
   inter-vivos instrument, executed or amended on  or  after  January  1,      
   1998,  or  to  trusts  created  by  will or through the exercise  of a      
   testamentary power of appointment where the testator has  died  on  or      
   after January 1, 1998.  Effective immediately.                              
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 



 Full Text  Bill Status