SB 0321 Trustee cannot use trust to meet trustee's personal obligation to beneficiary
LR Number:S1268.01T Fiscal Note:1268-01
Committee:Civil and Criminal Jurisprudence
Last Action:07/13/99 - Signed by Governor Journal page:
Effective Date:August 28, 1999
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Current Bill Summary

SB 321 - This act creates an ascertainable standard consistent with the Internal Revenue Code, by imposing certain restrictions on distributions that may be made from the trust. The bill prohibits distributions which satisfy legal support obligations or other obligations of a trustee or deemed trustee.

This bill is identical to HB 76 (1999).