Bills › 88th General Assembly
Where it is now
- Done: IntroducedFebruary 6, 2020
- Done: SubcommitteeFebruary 6, 2020
- Done: Senate committeeFebruary 17, 2020
- Skipped: Passes the SenateContinued as SF 2300
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Became SF 2300 → Its progress continues under the new number. Go to SF 2300 What’s a funnel?
What’s in it
This bill relates to the transfer of real estate held in a trust. Under current law, a trustee of a trust is exempt from providing a written disclosure statement to a transferee as part of a transfer of real estate. The bill eliminates that exemption for a trust in which the trustee, settlor, or beneficiary of the trust is alive and is a former owner of the real estate or was an occupant in possession of the real estate at any time within the consecutive months immediately preceding the date of transfer of the real estate. The bill applies to the transfer of real estate held in a trust on or after July 1, 2020.
Changed since by amendment S-5009; see Amendments.
Senate subcommittee
Named February 6, 2020. On February 13, 2020 it recommended amendment and passage.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
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88th General Assembly