S.F. No. 0040

Uniform Trust Code-amendments.

Sponsored By:        Senator(s) Ross and Representative(s) Brown

AN ACT relating to the Uniform Trust Code; providing for discretionary trusts for the benefit of disabled persons; providing an exception to the irrevocability of a qualified spendthrift trust as specified; amending the applicability of the provisions of the Uniform Trust Code as specified; and providing for an effective date.

1/24/2008   Bill Number Assigned

2/11/2008   S Received for Introduction

2/13/2008   S Introduced and Referred to S01

ROLL CALL

Ayes:  Senator(s) Anderson, J., Aullman, Bebout, Burns, Coe, Cooper, Decaria, Fecht, Geis, Hastert, Hines, Jennings, Job, Johnson, Landen, Larson, Meier, Mockler, Nicholas, Perkins, Peterson, Ross, Schiffer, Scott, Sessions, Townsend, Vasey and Von Flatern

Nays:  Senator(s) Case

Conflicts:  Senator(s) Massie

Ayes 28 Nays 1 Excused 0 Absent 0 Conflicts 1

2/19/2008   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

2/19/2008   S Placed on General File

SF0040SS001/ADOPTED

Page 2-line 2           After "under" insert "W.S. 42-2-403(f)(i) and (iii) and".

Page 2-line 4           After "section" insert "and such protection shall apply regardless of the date the trust was created". 

Page 4-line 1           After "or an" insert "irrevocable"; delete "assignment"; after "under" insert "W.S. 42-2-403(f)(i) and (iii) and".  ROSS, CHAIRMAN

2/21/2008   S Passed CoW

2/22/2008   S Passed 2nd Reading

2/25/2008   S Passed 3rd Reading

ROLL CALL

Ayes:  Senator(s) Anderson, J., Aullman, Bebout, Burns, Case, Coe, Cooper, Decaria, Fecht, Geis, Hastert, Hines, Jennings, Job, Johnson, Landen, Larson, Mockler, Nicholas, Perkins, Peterson, Ross, Schiffer, Sessions, Townsend, Vasey and Von Flatern

Nays:  Senator(s) Meier and Scott

Conflicts:  Senator(s) Massie

Ayes 27 Nays 2 Excused 0 Absent 0 Conflicts 1

2/26/2008   H Received for Introduction

2/26/2008   H Introduced and Referred to H01

2/28/2008   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

2/28/2008   H Placed on General File

SF0040HS001/ADOPTED  (TO ENGROSSED COPY)

Page 1-line 5           After "specified;" insert "amending a definition;".

Page 1-line 10          After "W.S." insert "4-10-103(a)(xv),".

Page 1-After line 14    Insert:

"4‑10‑103. Definitions.

(a) As used in this act:

(xv) "Qualified beneficiary" means a beneficiary who is currently entitled to distributions of income or principal from the trust or has a vested remainder interest in the residuary of the trust which is not subject to divestment, provided, however, if a trust has no qualified beneficiary, "qualified beneficiary" shall mean a beneficiary currently eligible to receive distributions of income or principal from the trust.  The department of health is a qualified beneficiary as the vested remainder beneficiary of trusts established pursuant to W.S. 42-2-403(f)(i), (ii) and (iii) and 42 U.S.C. 1396p(d)(4)(A), (B) and (C);".

Page 4-line 2           Delete "(i) and (iii)" insert "(ii)".  BUCHANAN, CHAIRMAN

3/3/2008    H Passed CoW

3/4/2008    H Passed 2nd Reading

3/5/2008    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., Gilmore, Gingery, Goggles, Hales, 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, Stubson, Teeters, Thompson, Throne, Wallis, Warren, White, Zwonitzer, Dn. and Zwonitzer, Dv.

Ayes 60 Nays 0 Excused 0 Absent 0 Conflicts 0

3/6/2008    S Did Concur

ROLL CALL

Ayes:  Senator(s) Anderson, J., Aullman, Bebout, Burns, Case, Cooper, Decaria, Fecht, Geis, Hastert, Hines, Jennings, Job, Johnson, Landen, Meier, Mockler, Nicholas, Perkins, Peterson, Ross, Schiffer, Scott, Sessions, Townsend, Vasey and Von Flatern

Excused:  Senator(s) Coe and Larson

Conflicts:  Senator(s) Massie

Ayes 27 Nays 0 Excused 2 Absent 0 Conflicts 1

3/6/2008    Assigned Number SEA No. 0053

3/7/2008    S President Signed SEA No. 0053

3/7/2008    H Speaker Signed SEA No. 0053

3/12/2008   Governor Signed SEA No. 0053

3/12/2008   Assigned Chapter Number

Chapter No. 0080  Session Laws of Wyoming 2008.