h_bus_2017a_2017-03-09t13:31:49z2 Hearing Summary
Date: 03/09/2017
Location: LSB A
Final
BILL SUMMARY for SB17-124
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
BILL SUMMARY for SB17-124
HOUSE COMMITTEE ON BUSINESS AFFAIRS AND LABOR
| Votes: View--> | Action Taken: |
| Refer Senate Bill 17-124 to the Committee of the W | PASS |
02:11 PM -- SB 17-124
Representative Hooton and Representative Nordberg, sponsors, introduced Senate Bill 17-124. The bill, recommended by the Statutory Revision Committee, 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.
02:14 PM -- Letty Maxfield, Colorado Bar Association, testified in support of the bill. Ms. Maxfield responded to questions from the committee.
02:16 PM
The bill sponsors made closing comments.
| BILL: | SB17-124 | |
| TIME: | 02:16:35 PM | |
| MOVED: | Nordberg | |
| MOTION: | Refer Senate Bill 17-124 to the Committee of the Whole. The motion passed on a vote of 13-0. | |
| SECONDED: | Van Winkle | |
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VOTE
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Arndt
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Yes
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Coleman
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Yes
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Garnett
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Yes
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Gray
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Yes
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Navarro
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Yes
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Nordberg
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Yes
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Rosenthal
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Yes
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Sias
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Yes
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Thurlow
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Yes
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Van Winkle
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Yes
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Williams D.
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Yes
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Winter
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Yes
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Kraft-Tharp
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Yes
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Final YES: 13 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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