SB 654 - Keaveny, Joseph
Provides that a provision in a trust instrument requiring mediation or arbitration is enforceable
Bill Details
Sponsor
LR Number
4124S.01I
Title
SB 654
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2014
Current Status
Voted Do Pass S Judiciary and Civil and Criminal Jurisprudence Committee
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 654 - This act provides that a provision in a trust instrument requiring mediation or arbitration is enforceable. However, provisions requiring mediation or arbitration of disputes relating to the validity of the trust are not enforceable unless all interested parties consent to the mediation or arbitration.
This act is identical to provisions contained in HCS/SB 499 (2014) and the truly agreed to and finally passed version of SB 500 (2014).
JESSICA BAKER