BF62BB1C1D5833F2872586CB00730E1E Hearing Summary

PUBLIC
BILL SUMMARY For SB21-171

HOUSE COMMITTEE ON JUDICIARY
Date May 4, 2021
Location Old State Library

SB21-171 - Referred to the Committee of the Whole

02:56:56 PM

Representatives Snyder and Soper, prime sponsors, presented Senate Bill 21-171, concerning the "Uniform Fiduciary Income and Principal Act". Representative Snyder explained the effect of the bill and discussed its need. Representative Soper provided further input on the effect of the bill.

03:00:57 PM

Georgine Kryda, representing the Colorado Bar Association, testified in support of SB 21-171.

Stan Kent, representing the Colorado Bar Association, testified in support of the bill.

Mr. Kent responded to questions regarding what constitutes an insubstantial distribution by a fiduciary under the bill.

03:10:33 PM

No amendments were offered to Senate Bill 21-171. Representatives Snyder and Soper provided closing remarks in support of the bill.

03:13:35 PM	Motion	Refer Senate Bill 21-171 to the Committee of the Whole.
	Moved	Tipper
	Seconded	Roberts

	Bacon	Yes
	Benavidez	Yes
	Bockenfeld	Yes
	Carver	Yes
	Daugherty	Yes
	Luck	Yes
	Lynch	Yes
	Roberts	Yes
	Woodrow	Yes
	Tipper	Yes
	Weissman	Yes
	Final	YES: 11 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS

SB21-171 - Referred to the Committee of the Whole

Colorado General Assembly