Georgia Senate Bill 186 (Prior Session Legislation)

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Spectrum: Moderate Partisan Bill (Republican 4-1)
Status: Engrossed on March 7 2019 - 50% progression, died in committee
Action: 2019-03-11 - House Second Readers
Pending: House Judiciary Committee
Text: Latest bill text (Engrossed) [PDF]

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 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 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.

Trusts; qualified self-settled spendthrift trusts; establish

Sen. Bill Cowsert [R]	Sen. Jesse Stone [R]	Sen. John Kennedy [R]	Sen. Michael Rhett [D]
Sen. Brandon Beach [R]

2019-03-07 - Senate - Senate Vote #167 (Y: 36 N: 18 NV: 1 Abs: 1) [PASS]

Date	Chamber	Action
2019-03-11	House	House Second Readers
2019-03-08	House	House First Readers
2019-03-07	Senate	Senate Passed/Adopted By Substitute
2019-03-07	Senate	Senate Third Read
2019-03-05	Senate	Senate Read Second Time
2019-03-04	Senate	Senate Committee Favorably Reported By Substitute
2019-02-26	Senate	Senate Read and Referred
2019-02-25	Senate	Senate Hopper

Type	Source
Summary	https://www.legis.ga.gov/legislation/55407
Text	https://www.legis.ga.gov/api/legislation/document/20192020/182680
Text	https://www.legis.ga.gov/api/legislation/document/20192020/183579
Text	https://www.legis.ga.gov/api/legislation/document/20192020/183970
Roll Call	https://www.legis.ga.gov/legislation/55407#16848