j_ccu_2016a_2016-01-12t13:35:49z5 Hearing Summary

Date: 01/12/2016

02:19 PM -- 2.d. Uniform Trust Decanting Act, LLS 16-0133





02:20 PM -- Jessica Broderick, CBA Trusts & Estates Section, reported that the bar committee has finished studying the act and its suggested amendments have been incorporated in the latest draft of the bill. The plan now is to present the act to the other bar committees for their review and approval.



Kevin Millard, on behalf of himself, pointed out that this is a lengthy bill and may need additional time for the necessary committee consideration.



The commission indicated that it would be possible to introduce the bill and perhaps hold it in committee for a time, but that it was important to keep the bill moving along. Commissioner Steadman volunteered to sponsor the bill and agreed to ask for a waiver of committee deadlines to allow adequate time for consideration.