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h_fin_2016a_2016-04-14t11:43:31z2 Hearing Summary

Date: 04/14/2016



Final

BILL SUMMARY for SB16-131



HOUSE COMMITTEE ON FINANCE


Votes: View--> Action Taken:
Adopt amendment L.013 (Attachment A). The motion p

Refer Senate Bill 16-131, as amended, to the Commi
Pass Without Objection

PASS







11:59 AM -- SB16-131



Representatives Pabon and Willett, co-prime sponsors, introduced Senate Bill 16-131. The bill reorganizes and updates the probate code and laws governing the management of an individual's assets. It clarifies when an unprobated will may be used as part of a proceeding and that judgment and decree will convey legal title as opposed to equitable title. It also enacts portions of Section 5 of the "Uniform Powers of Appointment Act." The sponsors answered several committee questions.



12:04 PM -- Ms. Lehtia Maxfield, representing the Trust and Estate Section of the Colorado Bar Association, testified in support of the bill.



12:12 PM -- Ms. Karen Kalarity, representing herself, testified from a neutral position on the bill.

BILL: SB16-131
TIME: 12:16:35 PM
MOVED: Pabon
MOTION: Adopt amendment L.013 (Attachment A). The motion passed without objection.



16HouseFin0414AttachA.pdf16HouseFin0414AttachA.pdf
SECONDED: Pabon
VOTE
Becker K.
Conti
Garnett
Excused
Kagan
Pabon
Roupe
Sias
Van Winkle
Wilson
Foote
Court
YES: 0 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: Pass Without Objection




BILL: SB16-131
TIME: 12:18:15 PM
MOVED: Pabon
MOTION: Refer Senate Bill 16-131, as amended, to the Committee of the Whole. The motion passed on a vote of 10-0.
SECONDED: Kagan
VOTE
Becker K.
Yes
Conti
Yes
Garnett
Excused
Kagan
Yes
Pabon
Yes
Roupe
Yes
Sias
Yes
Van Winkle
Yes
Wilson
Yes
Foote
Yes
Court
Yes
Final YES: 10 NO: 0 EXC: 1 ABS: 0 FINAL ACTION: PASS














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