RELATING TO THE LAND TRUST ACT.
This bill updates the Land Trust Act to clarify how property interests are classified when a legal document does not specify whether the property is personal or real. Specifically, it establishes that if a recorded instrument fails to designate the property as personal property, the beneficiaries' interests will automatically be treated as real property. This change aims to provide clearer guidance for legal documents related to land trusts by setting a default classification for unspecified cases. The legislation directly affects individuals and organizations creating or managing land trusts who rely on recorded instruments to define property ownership.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2024
Committee Review
Apr 2024
Senate Passage
May 2024
House Passage
May 2024
Signed into Law
Jul 2024
Introduced Jan 24, 2024
Signed Jul 1, 2024
Floor votes
How they voted
This bill passed the Senate by voice vote (no roll call recorded).
Full legislative history
Actions timeline
Total actions
42
Key actions
13
Committee
13
Amendments
2
May 1, 2024
Lower · Passed
Passed Final Reading as amended in CD 1 with none voting aye with reservations; none voting no (0) and none excused (0).
lower
May 1, 2024
Upper · Passed
Passed Final Reading, as amended (CD 1). Ayes, 25; Aye(s) with reservations: none . 0 No(es): none. 0 Excused: none.
upper
Apr 25, 2024
Lower · Passed
Reported from Conference Committee (Conf Com. Rep. No. 26-24) as amended in (CD 1).
lower
Apr 25, 2024
Introduced
48 Hrs. Notice (as amended CD 1) 05-01-24.
upper
Apr 25, 2024
Upper · Passed
Reported from Conference Committee as amended CD 1 (Conf. Com. Rep. No. 26-24).
upper
Apr 19, 2024
Lower · Passed
The Conference Committee recommends that the measure be Passed, with Amendments. The votes were as follows: 5 Ayes: Representative(s) Tarnas, Nishimoto, Holt, Takayama, Souza; Ayes with reservations: none; 0 Noes: none; and 0 Excused: none.
lower
Apr 19, 2024
Upper · Passed
The Conference committee recommends that the measure be PASSED, WITH AMENDMENTS. The votes of the Senate Conference Managers were as follows: 2 Aye(s): Senator(s) Rhoads, Elefante; Aye(s) with reservations: none ; 0 No(es): none; and 1 Excused: Senator(s) Awa.
upper
Apr 18, 2024
Upper · Passed
Conference committee meeting scheduled for 04-19-24 1:35PM; Conference Room 325.
upper
Apr 5, 2024
Amended
Senate disagrees with House amendments.
upper
Apr 5, 2024
Introduced
Received from House (Hse. Com. No. 588).
upper
Apr 4, 2024
Lower · Passed
Passed Third Reading with none voting aye with reservations; none voting no (0) and Representative(s) Kitagawa, Souza excused (2). Transmitted to Senate.
lower
Mar 28, 2024
Lower · Passed
The committee on FIN recommend that the measure be PASSED, UNAMENDED. The votes were as follows: 12 Ayes: Representative(s) Yamashita, Chun, Garrett, Kahaloa, Kila, Kobayashi, Morikawa, Nishimoto, Poepoe, Takenouchi, Alcos, Ward; Ayes with reservations: none; Noes: none; and 4 Excused: Representative(s) Kitagawa, Aiu, Cochran, Lamosao.
lower
Mar 21, 2024
Committee
Reported from JHA (Stand. Com. Rep. No. 1249-24) as amended in HD 1, recommending passage on Second Reading and referral to FIN.
lower
Mar 19, 2024
Lower · Passed
The committee on JHA recommend that the measure be PASSED, WITH AMENDMENTS. The votes were as follows: 9 Ayes: Representative(s) Tarnas, Takayama, Evslin, Ganaden, Holt, Ichiyama, Ilagan, Miyake, Souza; Ayes with reservations: none; Noes: none; and 1 Excused: Representative(s) Kong.
lower
Mar 7, 2024
Committee
Referred to JHA, FIN, referral sheet 16
lower
Mar 5, 2024
Introduced
Received from Senate (Sen. Com. No. 308).
lower
Mar 5, 2024
Upper · Passed
Passed Third Reading. Ayes, 25; Aye(s) with reservations: none . Noes, 0 (none). Excused, 0 (none). Transmitted to House.
upper
Feb 27, 2024
Upper · Passed
The committee(s) on JDC recommend(s) that the measure be PASSED, UNAMENDED. The votes in JDC were as follows: 5 Aye(s): Senator(s) Rhoads, Gabbard, Elefante, San Buenaventura, Awa; Aye(s) with reservations: none ; 0 No(es): none; and 0 Excused: none.
upper
Feb 20, 2024
Upper · Passed
The committee(s) on JDC has scheduled a public hearing on 02-27-24 9:32AM; Conference Room 016 & Videoconference.
upper
Feb 14, 2024
Committee
Re-Referred to JDC.
upper
Jan 29, 2024
Committee
Referred to WTL, JDC.
upper
Jan 24, 2024
Introduced
Introduced.
upper
3 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jarrett Keohokalole
DDemocratic
P
Maile Shimabukuro
DDemocratic
P
Stanley Chang
DDemocratic
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