Uniform Trust Code; expands definitions of "independent qualified trustee" and "qualified trustee."
It became law on Mar 18, 2025.
- Stage
- Became law
- Started in
- Senate
- Latest action
- Mar 18, 2025
What it does
Uniform Trust Code; qualified trustee; definition. Expands the definitions of "independent qualified trustee" and "qualified trustee" to authorize additional entities to serve as an independent qualified trustee or a qualified trustee of a qualified self-settled spendthrift trust. This bill is identical to HB 1605.
Where it stands
This bill passed and is now law.
Introduced (Done)
Committee (Done)
Floor (Done)
Law (Done)
Where it goes next
Law in Virginia. Agencies now write the rules that carry it out, and courts can stay or strike it.
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Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
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