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Subcommittee considers trust-decanting bill, votes to report it unfavorably
Summary
Members reviewed House Bill 88, tied to the Maryland trust decanting act, heard testimony from the State Bar and banking representatives, and moved an unfavorable report; the motion was approved during the session.
The Civil Law Subcommittee considered House Bill 88, which relates to provisions of the Maryland trust decanting act, heard testimony from legal and banking representatives, and moved to give the bill an unfavorable report.
Chairman Delegate Carden described the bill as noncontroversial in prior consideration and invited questions. The State Bar’s representative, Miss Thomas, answered technical questions about the bill’s effect. "It really applies just when a trust does not specify how a trustee can resign," Miss Thomas told the subcommittee, explaining that the existing law requires court approval in that situation and the proposal would create an additional, non‑court pathway when notice is provided to interested parties.
Committee members noted support from the bankers association and the State Bar. After brief discussion, a member moved an unfavorable report and a second was recorded. Chairman Carden asked members to indicate their positions by raising hands; the motion carried without recorded opposition in the transcript.
