H.B. No. 0065

Uniform Trust Code Amendments.

 

Sponsored By:                    Representative(s) Simpson and Senator(s) Hanes and Nicholas

 

AN ACT relating to the Uniform Trust Code; amending disclaimer provisions as specified; amending the investment standards for fiduciaries; making technical corrections; adding provisions to conform with recent changes to the model Uniform Trust Code; clarifying powers of trust advisors and trust protectors; amending definitions; specifying applicability of provisions; and providing for an effective date.

 

12/23/2004             Bill Number Assigned

1/11/2005               H Received for Introduction

1/12/2005               H Introduced and Referred to H01

1/24/2005               H01 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Representative(s) Alden, Bagby, Buchanan, Landon, Lubnau, Olsen, Robinson, Watt and White

Ayes 9    Nays 0    Excused 0    Absent 0    Conflicts 0

 

1/24/2005               H Placed on General File

 

HB0065HS001/ADOPTED

Page 2–line 14                          Delete "4-10-103(a)(xxv)" insert "4‑10‑103(a)(xxiii)".

Page 2–line 22                          Delete "4-10-103(a)(xxiv)" insert "4‑10‑103(a)(xxii)".

Page 5–line 1                            Delete "through".

Page 5–line 10                          Delete "through". 

Page 20–line 5                          Delete "July 1, 2005" insert "immediately upon completion of all acts necessary for a bill to become law as provided by Article 4, Section 8 of the Wyoming Constitution".  LANDON, CHAIRMAN

 

1/25/2005               H Passed CoW

1/26/2005               H Passed 2nd Reading

1/27/2005               H Passed 3rd Reading

 

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Barnard, Berger, Brechtel, Brown, Buchanan, Bucholz, Childers, Cohee, Davison, Diercks, Edwards, Esquibel, Gay, Gilmore, Gingery, Goggles, Hageman, Hammons, Harvey, Hastert, Hinckley, Illoway, Jones, Jorgensen, Landon, Latta, Lockhart, Lubnau, Luthi, Martin, McOmie, Meuli, Miller, Morgan, Olsen, Osborn, Pedersen, Petersen, Philp, Powers, Quarberg, Reese, Samuelson, Semlek, Slater, Thompson, Walsh, Warren, Wasserburger, Watt, White and Zwonitzer.

Excused:  Representative(s) Harshman, Iekel, Jackson, Robinson and Simpson.

Ayes 55    Nays 0    Excused 5    Absent 0    Conflicts 0

 

1/28/2005               S Received for Introduction

1/31/2005               S Introduced and Referred to S01

2/15/2005               S01 Recommended Amend and Do Pass

 

ROLL CALL

Ayes:  Senator(s) Burns, Decaria, Hanes, Ross and Sessions

Ayes 5    Nays 0    Excused 0    Absent 0    Conflicts 0

 

2/15/2005               S Placed on General File

 

HB0065SS001/ADOPTED  (TO ENGROSSED COPY)

Page 4-line 13                                        After "4-10-505(b)(ii)," insert "4-10-506(a)(ii),".

Page 13-after line 18                             Insert and renumber:

"4‑10‑506.  Limitation on action by creditors.

(a)  Subject to the rights of persons dealing with a fiduciary as provided in W.S. 4‑10‑1013, a creditor may file a claim against the assets of the trust or commence a judicial proceeding to contest the validity of a trust that was revocable at the settlor's death within the earlier of:

(ii)  One hundred twenty (120) days after a notice of the intent of the trustee to have the property of the settlor distributed as permitted under the terms of the trust has been published once per week for two (2) consecutive weeks in a newspaper of general circulation in the county or counties where venue of the trust is properly established as provided in W.S. 4‑10‑204; or".  HANES, CHAIRMAN

 

2/18/2005               S Passed CoW

2/22/2005               S Passed 2nd Reading

2/23/2005               S Passed 3rd Reading

 

ROLL CALL

Ayes:  Senator(s) Anderson, J., Aullman, Barrasso, Boggs, Burns, Case, Coe, Cooper, Decaria, Geis, Hanes, Hawks, Hines, Jennings, Job, Johnson, Larson, Massie, Meier, Mockler, Nicholas, Northrup, Peck, Ross, Schiffer, Scott, Sessions, Townsend, Vasey and Von Flatern.

Ayes 30    Nays 0    Excused 0    Absent 0    Conflicts 0

 

2/23/2005               H Did Concur

 

ROLL CALL

Ayes:  Representative(s) Alden, Anderson, R., Bagby, Barnard, Berger, Brechtel, Brown, Buchanan, Bucholz, Childers, Cohee, Davison, Diercks, Esquibel, Gay, Gilmore, Gingery, Goggles, Hageman, Hammons, Harvey, Hastert, Hinckley, Iekel, Illoway, Jackson, Landon, Lubnau, Luthi, Martin, McOmie, Meuli, Miller, Morgan, Olsen, Osborn, Pedersen, Petersen, Powers, Quarberg, Reese, Robinson, Samuelson, Semlek, Slater, Thompson, Walsh, Wasserburger, Watt, White and Zwonitzer.

Excused:  Representative(s) Edwards, Harshman, Jones, Jorgensen, Latta, Lockhart, Philp, Simpson and Warren.

Ayes 51    Nays 0    Excused 9    Absent 0    Conflicts 0

 

2/23/2005               Assigned Number HEA No. 0086

2/24/2005               H Speaker Signed HEA No. 0086

2/24/2005               S President Signed HEA No. 0086

2/25/2005               Governor Signed HEA No. 0086

2/25/2005               Assigned Chapter Number

 

Chapter No. 0126  Session Laws of Wyoming 2005.