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Committee advances bill allowing trustees to be released via statutory protocol
House Judiciary Committee · December 4, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
House Bill 6011, which would permit trustees to use a statutory report-and-objection protocol for release instead of costly court accountings, was reported with recommendation after testimony from the sponsor and bank counsel.
The House Judiciary Committee reported House Bill 6011 with recommendation after hearing sponsor testimony and remarks from bank counsel. Representative Cernegloo (as recorded) described the bill’s statutory trust protocol: a trustee may send interested parties a report that includes net asset…
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