s_jud_2016a_2016-03-02t13:32:34z2 Hearing Summary
Date: 03/02/2016
Final
BILL SUMMARY for SB16-085
SENATE COMMITTEE ON JUDICIARY
| Votes: View--> | Action Taken: |
| Refer Senate Bill 16-085 to the Committee of the W | PASS |
01:42 PM -- SB16-085
Senator Steadman, sponsor, presented Senate Bill 16-085, concerning the Colorado Uniform Trust Decanting Act. Senator Steadman explained specific provisions of the bill.
01:45 PM -- Mr. Stan Kent, representing the Uniform Law Commission, testified in support of the bill. Mr. Kent discussed the relationship between the bill and existing tax law, and stated the reasons for bringing the bill. Mr. Kent responded to questions regarding deadlines and notice provisions in the bill.
01:56 PM -- Mr. Kent responded to questions regarding trustee liability under the bill and the determination of a settlor's intent.
02:02 PM -- Ms. Jessica Broderick, representing the Colorado Bar Association, testified in support of the bill and stated its benefits.
02:04 PM
Senator Steadman provided closing remarks on the bill. Senator Roberts commented on the bill.
| BILL: | SB16-085 | |
| TIME: | 02:07:28 PM | |
| MOVED: | Merrifield | |
| MOTION: | Refer Senate Bill 16-085 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 4-0. | |
| SECONDED: | ||
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VOTE
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Aguilar
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Excused
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Cooke
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Yes
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Merrifield
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Yes
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Lundberg
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Yes
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Roberts
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Yes
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Final YES: 4 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS
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