s_fin_2017a_2017-02-07t14:04:33z1 Hearing Summary
Date: 02/07/2017
Location: SCR 357
Final
BILL SUMMARY for SB17-124
SENATE COMMITTEE ON FINANCE
BILL SUMMARY for SB17-124
SENATE COMMITTEE ON FINANCE
| Votes: View--> | Action Taken: |
| Refer Senate Bill 17-124 to the Committee of the W | PASS |
02:46 PM -- SB17-124
Senator Moreno and Senator Martinez Humenik, co-prime sponsors, presented Senate Bill 17-124, which clarifies that an authorized fiduciary may not exercise decanting power between two trusts if the first trust grants the settlor or another person the power to cause the first trust to cease to be a grantor trust.
02:47 PM -- Latitia Maxfield, representing the Colorado Bar Association, testified in support of the bill.
02:48 PM
Senators Moreno and Martinez Humenik wrapped up their presentation on SB 17-124.
| BILL: | SB17-124 | |
| TIME: | 02:49:46 PM | |
| MOVED: | Court | |
| MOTION: | Refer Senate Bill 17-124 to the Committee of the Whole with a recommendation that it be placed on the consent calendar. The motion passed on a vote of 5-0. | |
| SECONDED: | ||
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VOTE
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Court
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Yes
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Guzman
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Yes
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Tate
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Yes
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Hill
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Yes
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Neville T.
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Yes
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Final YES: 5 NO: 0 EXC: 0 ABS: 0 FINAL ACTION: PASS
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