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MO SB654
Bill
Status
1/8/2014
Primary Sponsor
Joseph Keaveny
Click for details
AI Summary
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Adds section 456.2-205 to Missouri law making mediation or arbitration provisions in trust instruments enforceable for disputes between beneficiaries, fiduciaries, or persons with nonfiduciary powers under the trust
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Excludes disputes relating to trust validity from enforceability of mediation or arbitration provisions unless all interested persons consent to the mediation or arbitration
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Applies to disputes between or among beneficiaries, fiduciaries, persons granted nonfiduciary powers, or any combination thereof
Legislative Description
Provides that a provision in a trust instrument requiring mediation or arbitration is enforceable
Last Action
Voted Do Pass S Judiciary and Civil and Criminal Jurisprudence Committee
2/26/2014