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s_fin_2017a_2017-02-07t14:04:33z1 Hearing Summary

Date: 02/07/2017

Location: SCR 357

Final

BILL SUMMARY for SB17-124



SENATE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Refer Senate Bill 17-124 to the Committee of the W PASS







02:46 PM -- SB17-124



Senator Moreno and Senator Martinez Humenik, co-prime sponsors, presented Senate Bill 17-124, which clarifies that an authorized fiduciary may not exercise decanting power between two trusts if the first trust grants the settlor or another person the power to cause the first trust to cease to be a grantor trust.



02:47 PM -- Latitia Maxfield, representing the Colorado Bar Association, testified in support of the bill.





02:48 PM



Senators Moreno and Martinez Humenik wrapped up their presentation on SB 17-124.

BILL: SB17-124
TIME: 02:49:46 PM
MOVED: Court
MOTION: Refer Senate Bill 17-124 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0.
SECONDED:
VOTE
Court
Yes
Guzman
Yes
Tate
Yes
Hill
Yes
Neville T.
Yes
Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS














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