Introduced
by
To authorize a “qualified dispositions in trust” instrument that would let a person to create and place assets in a trust for their own benefit, which would then be protected from potential creditors (with various exceptions). This is said to be of interest to individuals in professions that are exposed to high liability risks.
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 36 to 0 (details)
Referred to the Committee on Judiciary
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Amendment offered
by
To establish the date the bill will go into effect.
The amendment passed by voice vote
Passed in the House 87 to 18 (details)
To authorize a “qualified dispositions in trust” instrument that would let a person to create and place assets in a trust for their own benefit, which would then be protected from potential creditors (with various exceptions). This is said to be of interest to individuals in professions that are exposed to high liability risks.
Passed in the Senate 37 to 0 (details)
To concur with the House-passed version of the bill.
