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IN SB0291
Bill
AI Summary
SB 291 Summary
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Establishes the probate code study commission to study and recommend changes to Indiana's probate code (IC 29-1), trust code (IC 30-4), and related statutes affecting estates, guardianships, trusts, and fiduciaries.
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Commission composition: 9 members appointed by the governor (each from a separate Indiana congressional district), 2 additional governor-appointed members from trust departments of financial institutions, 3 senate members appointed by the president pro tempore, and 3 house members appointed by the speaker.
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Commission may meet and take action only during interim periods between regular legislative sessions.
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Chairperson and vice chairperson appointed by the president pro tempore (for 2015 and every fourth year thereafter) or speaker (for 2017 and every fourth year thereafter) for two-year terms.
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Commission shall operate under legislative council policies and rules and submit reports to the legislative council in electronic format as requested.
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Effective July 1, 2015.
Legislative Description
Probate code study commission. Establishes the probate code study commission (commission). Allows the commission to meet only during interim periods. Requires the commission to study and recommend to the general assembly changes that are needed in the probate code (IC 29-1), the trust code (IC 30-4), and other statutes affecting the administration of a decedent's estate, guardianships, probate jurisdiction, trusts, or fiduciaries. Provides for the governor to appoint nine members, each of whom must reside in a separate Indiana congressional district; for the governor to appoint two additional members who work in the trust departments of financial institutions; for the
Last Action
First Reading: referred to Committee on Rules and Legislative Procedures
3/2/2015