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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






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