Introduced in the House on April 17, 2007, to exempt personal property held in certain trusts from the law against "perpetuities.” "Perpetuities" is a legal doctrine intended to prevent assets from being tied-up in long-term family or "dynasty" trusts. However, the law has the effect of causing trusts to be set up in other states
The vote was 104 in favor, 4 opposed and 2 not voting
(House Roll Call 209 at House Journal 29)
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