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Committee adopts amendment to SB 101 and reports bill to rules
Summary
The Senate Local Government Committee adopted an amendment to Senate Bill 101 and voted to report the amended bill to the committee on rules and reference. The amendment clarified when memoranda of trust must be recorded and was requested by the bill sponsor and the State Bar Association.
The Senate Local Government Committee adopted an amendment to Senate Bill 101 and voted to report the amended bill to the committee on rules and reference. The action occurred during the committee’s meeting and was approved by roll call.
The amendment, described by Vice Chair Gavarone as a clarification requested by the bill sponsor and the State Bar Association, “specifies that a trustee is not required to…
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