92nd General Assembly
Summary of HB3056
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House Sponsors:
CROSS.

Short description: 
UNIFORM PRUDENT INVESTOR ACT                                               

Synopsis of Bill as introduced:
        Creates the Uniform Prudent  Investor  Act.   Provides  that  the      
   trustee  of a trust shall invest and manage trust assets in accordance      
   with   specified   criteria   pertaining   to   portfolio    strategy,      
   diversification,  loyalty,  impartiality,  review,  and  delegation of      
   duties relating to investment and management of trust assets.  Applies      
   to trusts existing on and created after its  effective  date.   Amends      
   the Trusts and Trustees Act to conform to the new Act.                      
 
Last action on Bill: SESSION SINE DIE

   Last action date: JAN-07-2003

           Location: House

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


   END OF INQUIRY 



 Full Text  Bill Status