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Georgia General Assembly > Legislation
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2017-2018 Regular Session - HB 441
Trusts; establish qualified self-settled spendthrift trusts; provisions
Sponsored By
Committees
First Reader Summary
A BILL to be entitled an Act to amend Chapter 12 of Title 53 of the O.C.G.A., relating to trusts, so as to establish qualified self-settled spendthrift trusts; to provide for definitions; to provide for exceptions for spendthrift provisions of trusts which are not within qualified self-settled spendthrift trusts; to provide for claims by creditors for such trusts; to provide for the creation of such trusts; to provide for transfers to such trusts; to provide for vacancies of trustees; to provide for standards for such trusts to be considered nonrevocable; to provide for beneficiary rights to withdrawal; to provide for claims for relief; to amend Part 4 of Article 9 of Title 11 of the O.C.G.A., relating to rights of third parties to secured transactions, so as to exclude qualified self-settled spendthrift trusts from restrictions on assignment; to provide for related matters; to repeal conflicting laws; and for other purposes.
Status History
Mar/06/2017 - Senate Read and Referred
Mar/03/2017 - House Passed/Adopted
Mar/03/2017 - House Third Readers
Feb/27/2017 - House Committee Favorably Reported
Feb/23/2017 - House Second Readers
Feb/22/2017 - House First Readers
Feb/21/2017 - House Hopper
Footnotes
3/03/2017 Modified Structured Rule
Votes
Mar/03/2017 - House Vote #201Yea(125)Nay(37)NV(10)
Exc(8)
Versions
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