j_ccu_2017a_2017-11-03t13:35:24z3 Hearing Summary

Date: 11/03/2017

Location: SCR 352

01:55 PM -- 2b. Directed Trust Act



01:56 PM -- Kevin Millard, CBA Trusts & Estates Section. His section has been thoroughly reviewing the act and, although work is progressing in a timely manner, they do not expect to complete their review in time for a 2018 introduction date. Mr. Millard noted that the section expects to suggest changes to the act and, in addition, will need to review the changes made in the recently released approved version of the act. His section requests that the commission wait until next year to consider the act for introduction in 2019. The commission asked if there might yet be a possibility of introducing it as a late commission bill during the 2018 session. Mr. Millard did not think that would be possible.



Commissioner Pike moved that the commission delay taking action on the Directed Trust Act until the 2019 legislative session. Commissioner Gardner seconded and the motion passed without objection.