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Committee adopts amendment and reports amended Senate Bill 101 to Rules
Summary
At the start of the session the Senate Local Government Committee adopted amendment 0245‑1 to Senate Bill 101 (clarifying recording requirements for memoranda of trust) and favorably reported the amended bill to the committee on rules and reference by roll call.
The Senate Local Government Committee opened the session by agreeing to the minutes from its March 5 meeting and then took action on amended Senate Bill 101.
Vice Chair Gavarone moved to adopt amendment 0245‑1. The amendment was explained on the record as clarifying that a trustee is not required to rerecord a memorandum of trust or a similar instrument when that memorandum or instrument is already of record, and that recording is required when property held by the trust is conveyed by or to the trustee of a disclosed trust. The sponsor requested the amendment and it was described as coming from the State Bar Association as a clarification of the bill's intent.
With no objection recorded, the amendment was adopted. Vice Chair Gavarone then moved that amended Senate Bill 101 be favorably reported to the committee on rules and reference. The clerk called the roll; the senators present voted yes. The clerk recorded affirmative votes from Chair Cheryl O'Brien, Vice Chair Gavarone, Ranking Member Smith, Senator Scalar, Senator Landis, Senator Wilkin and Senator Hicks Hudson. The amended bill was reported to Rules and Reference.
