SB 1127 California Senate · 2023-2024 Regular Session

Trust termination.

Summary

Existing law establishes procedures for the creation, modification, and termination of a trust, and regulates the administration of trusts by trustees on behalf of beneficiaries. Existing law authorizes a trustee to terminate a trust if the principal of a trust does not exceed $50,000 in value. This bill would instead grant a trustee the power to terminate a trust if the fair market value of its principal does not exceed $100,000 in value.

Bill status signed all 5 stages cleared

Introduction

Feb 2024

Committee Review

Jun 2024

Senate Passage

Apr 2024

Assembly Passage

Jun 2024

Signed into Law

Jul 2024

Introduced Feb 13, 2024 Signed Jul 2, 2024

Floor votes · Senate Apr 11, 2024 · Assembly Jun 10, 2024

How they voted

39–0

Passed · 1 other

Total votes 40

Apr 11, 2024

D Democratic31

30 Yea 1

96% Yea

R Republican9

9 Yea

100% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jul 2, 2024

Signed into law

Approved by the Governor.

legislature

Jun 20, 2024

Upper · Passed

Assembly amendments concurred in. (Ayes 36. Noes 0. Page 4628.) Ordered to engrossing and enrolling.

upper

Jun 10, 2024

Introduced

In Senate. Concurrence in Assembly amendments pending.

upper

Jun 10, 2024

Lower · Passed

Read third time. Passed. (Ayes 63. Noes 0. Page 5792.) Ordered to the Senate.

lower

Jun 4, 2024

Lower · Passed

From committee: Do pass. Ordered to consent calendar. (Ayes 8. Noes 0.) (June 4).

lower

May 28, 2024

Lower · Passed

From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.

lower

Apr 29, 2024

Committee

Referred to Com. on JUD.

lower

Apr 11, 2024

Upper · Passed

Read third time. Passed. (Ayes 39. Noes 0. Page 3575.) Ordered to the Assembly.

upper

Apr 3, 2024

Upper · Passed

From committee: Do pass. Ordered to consent calendar. (Ayes 11. Noes 0. Page 3447.) (April 2).

upper

Mar 18, 2024

Upper · Passed

From committee with author's amendments. Read second time and amended. Re-referred to Com. on JUD.

upper

Feb 21, 2024

Committee

Referred to Com. on JUD.

upper

Feb 13, 2024

Introduced

Introduced. Read first time. To Com. on RLS. for assignment. To print.

upper

1 primary · 0 co-sponsors