Bill Text | History of Actions | Amendments | Background | Title |
Description: Trusts; authorize beneficiaries to seek court approval to terminate under certain circumstances.
Bill Text: [Introduced] [Passed House]
| 1 | 01/14 (H) Referred To Appropriations | |
| 2 | 01/27 (H) Title Suff Do Pass | |
| 3 | 02/02 (H) Passed | |
| 4 | 02/02 (H) Motion to Reconsider Entered | |
| 5 | 02/10 (H) Motion to Reconsider Tabled | |
| 6 | 02/10 (H) Transmitted To Senate | |
| 7 | 02/15 (S) Referred To Judiciary, Division A | |
| 8 | 02/23 (S) Title Suff Do Pass | |
| 9 | 03/09 (S) Amended | |
| 10 | 03/09 (S) Passed As Amended | |
| 11 | 03/09 (S) Motion to Reconsider Entered | |
| 12 | 03/11 (S) Died On Calendar |
| Adopted | [S] | Amendment No 1 |
| Effective date | July 1, 2005 | |
| Disposition | Dead | |
| Deadline | General Bill/Constitutional Amendment | |
| Revenue | No | |
| Vote type required | Majority |
House Committee:
Senate Committee:
Principal Author: Martinson
Code Section: A 091-0009-0107
Title: AN ACT TO AMEND SECTION 91-9-107, MISSISSIPPI CODE OF 1972, TO PROVIDE THAT IF THE MARKET VALUE OF A TRUST IS LESS THAN $150,000.00 AND THE AGGREGATE AMOUNT OF THE FEES CHARGED TO THE TRUST BENEFICIARIES DURING A CALENDAR YEAR IS MORE THAN ONE-THIRD OF THE AMOUNT OF THE INCOME EARNED BY THE TRUST DURING THE SAME YEAR THAT OTHERWISE WOULD BE PAYABLE TO THE BENEFICIARIES, THEN THREE-FIFTHS OF THE BENEFICIARIES OF THE CURRENT INCOME OF THE TRUST PROPERTY MAY SEEK COURT APPROVAL TO TERMINATE THE TRUST; AND FOR RELATED PURPOSES.
End Of Document
2005/html/History/HB/HB0889.htm