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Latest Update: Tuesday, July, 22nd 2008

Companion Bill SB0630. Trusts - Enacts the "Tennessee Investment Services Act of 2007." - Amends TCA Section 35-15-505 and Section 66-1-202. Fiscal Summary for HB1351 / *SB0630Increase State Expenditures - Not Significant Bill Summary for HB1351 / *SB0630 This bill establishes requirements for qualified dispositions to investment service trusts and dispositions by transferors who are trustees made on or after July 1, 2007. "Investment services trust" means an irrevocable instrument appointing a qualified trustee for the property that is the subject of a disposition that provides that the interest of the transferor or other beneficiary in the trust property or the income from such property may not be transferred, assigned, pledged, or mortgaged before the qualified trustee actually distributes the property or income to the beneficiary.[...]

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Latest Actions
  • 05/23/2007 - Public Chapter 144
  • 05/23/2007 - Effective date(s) 07/01/07
  • 05/10/2007 - Signed by Governor.
  • 05/01/2007 - Transmitted to Governor for his action.
  • 05/01/2007 - Signed by Senate Speaker

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Bill Text
File name Last Updated
Amendment 2-0 to HB135110/27/2007
Amendment 1-0 to HB135110/27/2007
HB1351 Bill Text PDF10/27/2007

Fiscal Notes
File name Last Updated
SB0630 Fiscal Notes PDF10/27/2007