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AZ HB2224

Bill

Status

Introduced

1/24/2011

Primary Sponsor

John Fillmore

Click for details

Origin

House of Representatives

Fiftieth Legislature - First Regular Session (2011)

AI Summary

  • 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.

  • Requires fiduciaries to document work performed on an hourly basis and establishes a maximum fee of $75 per hour for fiduciary services.

  • 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.

  • 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