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AZ HB2224
Bill
Status
Introduced
1/24/2011
Primary Sponsor
John Fillmore
Click for details
AI Summary
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Amends Arizona law to clarify that fiduciary rules shall not require a fiduciary to be an attorney, allowing non-lawyers to serve as court-appointed fiduciaries.
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Requires fiduciaries to document work performed on an hourly basis and establishes a maximum fee of $75 per hour for fiduciary services.
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Maintains existing licensing requirements by the Arizona Supreme Court including criminal background checks, training sessions, posting of cash deposit or surety bonds, and a code of conduct.
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Exempts financial institutions from fiduciary licensing requirements while preserving the court's ability to appoint them as fiduciaries.
Legislative Description
Court appointed fiduciaries
Last Action
Referred to House BI Committee
1/25/2011
Full Bill Text
No bill text available