| HB 1537 (Truly Agreed) | Allows estate value to be offset by debt in determining whether the small estate administration statutes apply |
SCS/HB 1537 - This act provides for the value of an estate to be offset by debt in determining whether the small estate administration statutes apply.
Independent investment advisors are authorized to make investment decisions for endowed care funds, provided the amount of principal in the fund exceeds $250,000.
The act defines certain persons who are not considered to be engaged in the trust business. Such persons must not advertise or hold themselves out as a trust company.
This act is similar to SB 742 (2002).
JIM ERTLE