Rule against perpetuities.
Summary
Adds provisions regarding a second power of appointment. Extends the period of time for which certain nonvested property interests are valid from 90 years to 360 years after the interest is created. Extends the period of time for which certain powers of appointment are valid under specified conditions from 90 years to 360 years. Makes conforming changes.
Bill status
signed
all 5 stages cleared
Introduction
Jan 2024
Committee Review
Feb 2024
House Passage
Mar 2024
Senate Passage
Mar 2024
Signed into Law
Mar 2024
Introduced Jan 9, 2024
Signed Mar 11, 2024
Floor votes · Senate Feb 27, 2024 · House Feb 1, 2024
How they voted
30–17
Passed · 1 other
Total votes 48
Feb 27, 2024
D
Democratic9
55% Nay
R
Republican39
69% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
20
Key actions
8
Committee
2
Mar 11, 2024
Signed into law
Signed by the Governor
executive
Mar 8, 2024
Upper · Passed
Signed by the President of the Senate
upper
Mar 5, 2024
Upper · Passed
Signed by the President Pro Tempore
upper
Mar 4, 2024
Lower · Passed
Signed by the Speaker
lower
Feb 27, 2024
Upper · Passed
Third reading: passed; Roll Call 211: yeas 31, nays 17
upper
Feb 22, 2024
Upper · Passed
Committee report: do pass, adopted
upper
Feb 1, 2024
Lower · Passed
Third reading: passed; Roll Call 123: yeas 85, nays 8
lower
Jan 29, 2024
Lower · Passed
Committee report: amend do pass, adopted
lower
3 primary · 3 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about HB 1209
Scope: IN
Hi! I can help you understand HB 1209. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline