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H.B. No. 0069 |
Uniform Trust Code-amendments. |
Sponsored By: Joint Judiciary Interim Committee
AN ACT relating to the Uniform Trust Code; providing for the creation of qualified spendthrift trusts; specifying what constitutes qualified trust property; providing for qualified transfers of trust property and duties of trustees; providing for distribution of trust assets; specifying when and how trust assets may be attached; providing for burdens of proof and the weight of evidence in specified actions; amending and providing additional definitions; conforming provisions; clarifying effect of provisions; limiting consideration of case law from other jurisdictions as specified; repealing provisions; and providing for an effective date.
12/26/2006 Bill Number Assigned
1/9/2007 H Received for Introduction
1/9/2007 H Introduced and Referred to H01
1/19/2007 H01 Recommended Do Pass
ROLL CALL
Ayes: Representative(s) Alden, Bagby, Buchanan, Dockstader, Gingery, Mercer, Olsen, Shepperson and Throne
Ayes 9 Nays 0 Excused 0 Absent 0 Conflicts 0
1/19/2007 H01 Recommended Amend and Do Pass
ROLL CALL
Ayes: Representative(s) Alden, Bagby, Buchanan, Dockstader, Gingery, Mercer, Olsen, Shepperson and Throne
Ayes 9 Nays 0 Excused 0 Absent 0 Conflicts 0
1/19/2007 H Placed on General File
Page 2-line 9 Delete "is". BUCHANAN, CHAIRMAN
Page 19-line 11 After "(iv) and" insert "(vii),"; after "(b)" insert "and (d)".
Page 35-After line 1 Insert:
"(vii) The trust's taxpayer identification number (optional); and".
Page 35-After line 4 Insert:
"(d) A certification or affidavit of trust need not contain the dispositive terms of a trust or the trust's taxpayer identification number.". BERGER, BUCHANAN
1/22/2007 H Passed CoW
Page 30-line 1 Reinsert stricken ", or".
Page 30-line 3 After stricken "trust," insert "for personal injuries, or has a settlement agreement with a beneficiary for personal injury that has been approved by a court,". BROWN
Page 2-line 1 Delete "4-10-509" insert "4-10-510".
Page 3-lines 18 through 22 Delete entirely.
Page 40-After line 18 Insert:
"Section 4. W.S. 4-10-508 is renumbered as 4-10-509.".
Renumber as necessary. BUCHANAN
1/23/2007 H Passed 2nd Reading
1/24/2007 H Passed 3rd Reading
ROLL CALL
Ayes: Representative(s) Alden, Anderson, R., Bagby, Berger, Blake, Brechtel, Brown, Buchanan, Childers, Cohee, Craft, Davison, Diercks, Dockstader, Edmonds, Edwards, Esquibel, F., Esquibel, K., Gentile, Gilmore, Gingery, Goggles, Hallinan, Hammons, Harshman, Harvey, Iekel, Illoway, Jaggi, Jones, Jorgensen, Landon, Lockhart, Lubnau, Madden, Martin, McOmie, Mercer, Meyer, Miller, Millin, Olsen, Petersen, Philp, Quarberg, Samuelson, Semlek, Shepperson, Simpson, Slater, Steward, Teeters, Thompson, Throne, Wallis, Walsh, Warren, White, Zwonitzer, Dn. and Zwonitzer, Dv.
Ayes 60 Nays 0 Excused 0 Absent 0 Conflicts 0
1/26/2007 S Received for Introduction
1/26/2007 S Introduced and Referred to S01
2/14/2007 S01 Recommended Amend and Do Pass
ROLL CALL
Ayes: Senator(s) Burns, Decaria, Perkins, Ross and Sessions
Ayes 5 Nays 0 Excused 0 Absent 0 Conflicts 0
2/14/2007 S Placed on General File
HB0069SS001/ADOPTED (TO ENGROSSED COPY)
Page 18-line 17 Delete "and".
Page 18-line 21 After "activities" delete "." insert "; and".
Page 18-after line 21 Insert:
"(ix) The settlor has and shall maintain personal liability insurance of at least one million dollars ($1,000,000.00) or shall provide coverage equal to the fair market value of the settlor's total qualified transfers to qualified spendthrift trusts, whichever is less. This affidavit requirement shall not apply to a qualified transfer to a trust created by a court order under W.S. 3‑3‑607.".
Page 29-line 22 Strike ", or".
Page 29-line 24 Delete all new language.
Page 30-lines 1 and 2 Delete all new language. ROSS, CHAIRMAN
2/20/2007 S Passed CoW
2/21/2007 S Passed 2nd Reading
2/22/2007 S Passed 3rd Reading
ROLL CALL
Ayes: Senator(s) Anderson, J., Aullman, Barrasso, Burns, Case, Coe, Cooper, Decaria, Fecht, Geis, Hastert, Hines, Jennings, Job, Johnson, Larson, Massie, Nicholas, Perkins, Peterson, Ross, Schiffer, Sessions, Townsend, Vasey and Von Flatern
Nays: Senator(s) Meier, Mockler and Scott
Excused: Senator(s) Peck
Ayes 26 Nays 3 Excused 1 Absent 0 Conflicts 0
2/22/2007 H Received for Concurrence
2/23/2007 H Did Concur
ROLL CALL
Ayes: Representative(s) Alden, Anderson, R., Bagby, Berger, Blake, Brechtel, Brown, Buchanan, Childers, Cohee, Craft, Davison, Diercks, Dockstader, Edmonds, Edwards, Esquibel, F., Esquibel, K., Gentile, Gilmore, Gingery, Goggles, Hammons, Harshman, Harvey, Iekel, Illoway, Jaggi, Jones, Jorgensen, Landon, Lockhart, Lubnau, Madden, Martin, McOmie, Mercer, Meyer, Miller, Millin, Olsen, Petersen, Philp, Quarberg, Samuelson, Semlek, Shepperson, Simpson, Slater, Steward, Teeters, Thompson, Throne, Wallis, Walsh, Warren, White, Zwonitzer, Dn. and Zwonitzer, Dv.
Excused: Representative(s) Hallinan
Ayes 59 Nays 0 Excused 1 Absent 0 Conflicts 0
2/23/2007 Assigned Number HEA No. 0080
2/26/2007 H Speaker Signed HEA No. 0080
2/26/2007 S President Signed HEA No. 0080
2/28/2007 Governor Signed HEA No. 0080
2/28/2007 Assigned Chapter Number
Chapter No. 0155 Session Laws of Wyoming 2007.