On Jun. 26, CAL LEG passed bill to amend trustee termination of trust.
CAL LEG passed bill SB 1127, which amends CAL LEG 9-2-3-15408 to raise the fair market value limit on a trustee termination of a trust from $50,000 to $100,000.
Legislative History
On Feb. 13, 2024, bill introduced in Senate; on Apr. 11, 2024, bill passed the Senate.
On Apr. 11, 2024, bill introduced in Assembly; on Jun. 10, 2024, bill passed Assembly.
On Jun. 20, 2024, Assembly amendments concurred; on Jun. 26, bill sent to governor.
Effectiveness
Upon enactment, bill SB-1127 effective on Jan. 1, 2025.
Jul. 2024 CAL LEG Governor Approval
On Jul. 2, 2024, CAL LEG reported governor approved SB 1127, assigned Chapter 76.
Regulators
CAL LEG
Entity Types
CNSM; Fiduciary
Reference
Ch. 76, 7/2/2024; Bill SB1127, 6/26/2024; Citation: CAL LEG 9-2-3-15408;
