Did not become law. It stopped in the Senate's Judiciary, Division A Committee on February 2, 2010. The 2010 session has ended.
2010 Regular Session
Senate Bill 2416
Qualified Disposition Act; create to provide for self-settled spendthrift funds.
What it does
The synopsis the Legislature published with the bill.
AN ACT TO BE KNOWN AND CITED AS THE MISSISSIPPI QUALIFIED DISPOSITION ACT; TO CREATE NEW SECTION 91-9-701, MISSISSIPPI CODE OF 1972, TO ENACT A SHORT TITLE; TO CREATE NEW SECTION 91-9-703, MISSISSIPPI CODE OF 1972, TO CREATE DEFINITIONS; TO CREATE NEW SECTION 91-9-705, MISSISSIPPI CODE OF 1972, TO SPECIFY THE CONTENTS OF A QUALIFIED AFFIDAVIT; TO CREATE NEW SECTION 91-9-707, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR CLAIMS AND ACTIONS AGAINST PROPERTY SUBJECT TO QUALIFIED DISPOSITION; TO CREATE NEW SECTION 91-9-709, MISSISSIPPI CODE OF 1972, TO SPECIFY THE TRANSFEROR'S POWERS AND RIGHTS; TO CREATE NEW SECTION 91-9-711, MISSISSIPPI CODE OF 1972, TO PROVIDE WHEN AND UNDER WHAT CIRCUMSTANCES A QUALIFIED DISPOSITION MAY BE AVOIDED; TO CREATE NEW SECTION 91-9-713, MISSISSIPPI CODE OF 1972, TO ENACT A SPENDTHRIFT PROVISION; TO CREATE NEW SECTION 91-9-715, MISSISSIPPI CODE OF 1972, TO SPECIFY PERSONS QUALIFIED TO SERVE AS TRUSTEES AND ADVISORS; TO CREATE NEW SECTION 91-9-717, MISSISSIPPI CODE OF 1972, TO SPECIFY PERSONS QUALIFIED TO SERVE AS INVESTMENT ADVISORS; TO CREATE NEW SECTION 91-9-719, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR APPOINTMENT OF SUCCESSOR TRUSTEES; TO CREATE NEW SECTION 91-9-721, MISSISSIPPI CODE OF 1972, TO PROVIDE WHEN A TRUST IS NOT REVOCABLE; TO CREATE NEW SECTION 91-9-723, MISSISSIPPI CODE OF 1972, TO PROVIDE FOR APPLICABILITY OF THE ARTICLE; TO AMEND SECTIONS 91-9-503, 91-9-505 AND 91-9-507, MISSISSIPPI CODE OF 1972, TO CONFORM; TO REPEAL SECTION 91-9-509, MISSISSIPPI CODE OF 1972, WHICH PROVIDES FOR THE SITUATION WHEN A SETTLOR IS BENEFICIARY OF A SETTLOR-CREATED TRUST AS INCONSISTENT WITH THIS ACT; AND FOR RELATED PURPOSES.
Sponsors
Who carried the bill in each chamber, and who signed on. Each name leads to the member's page.
In the Senate
Sponsor
Its course
January 11 to February 2, 2010, on one scale. In the top row each mark is a day something happened; taller marks are busier days.
Each committee stop sits inside its chamber.
Every action2 actions on 2 days
In the SenateJan 11 to Feb 2 · stopped22 days
Judiciary, Division AJan 11 to Feb 2 · stopped22 days
Text
Each version as the Legislature printed it.
l9n doesn't hold this bill's text yet.
What happened
In l9n's words, one line for each step. Every action as the Legislature published it is below.
In the Senate Jan 11 – Feb 2
- Jan 11Referred to the Senate committees on Judiciary, Division A and on Business and Financial Institutions
- Feb 2Died in committee in the Senate
All 2 actions, as published
- Jan 11Referred To Judiciary, Division A;Business and Financial InstitutionsSenate
- Feb 2Died In CommitteeSenate