2025 Regular Session • Virginia Legislature
SB1116: Uniform Trust Code; expands definitions of "independent qualified trustee" and "qualified trustee".
Legislative Summary
Uniform Trust Code; qualified trustee; definition. Expands the definitions of "independent qualified trustee" and "qualified trustee" to authorize additional entities to serve as an independent qualified trustee or a qualified trustee of a qualified self-settled spendthrift trust. This bill is identical to HB 1605.
Demographic Impact
Overall analysis of equity impact
70% Positive
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Bill History
1/7/2025
Prefiled and ordered printed; Offered 01-08-2025 25103061D
Senate
1/7/2025
Referred to Committee for Courts of Justice
Senate
1/15/2025
Reported from Courts of Justice (13-Y 0-N 2-A)
Senate
1/17/2025
Rules suspended
Senate
1/17/2025
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
Senate
1/17/2025
Passed by for the day
Senate
1/20/2025
Read second time and engrossed
Senate
1/21/2025
Read third time
Senate
1/21/2025
Read third time and passed Senate (40-Y 0-N)
Senate
2/5/2025
Placed on Calendar
House of Delegates
2/5/2025
Read first time
House of Delegates
2/5/2025
Referred to Committee for Courts of Justice
House of Delegates
2/5/2025
Reported from Courts of Justice (22-Y 0-N)
House of Delegates
2/7/2025
Read second time
House of Delegates
2/10/2025
Read third time
House of Delegates
2/10/2025
Passed House (95-Y 0-N)
House of Delegates
2/11/2025
Enrolled
Senate
2/11/2025
Bill text as passed Senate and House (SB1116ER)
Senate
2/11/2025
Signed by Speaker
House of Delegates
2/13/2025
Signed by President
Senate
2/18/2025
Enrolled Bill Communicated to Governor on February 18, 2025
Senate
2/18/2025
Governor's Action Deadline 11:59 p.m., March 24, 2025
3/18/2025
Approved by Governor-Chapter 22 (Effective 07/01/25)
3/18/2025
Acts of Assembly Chapter text (CHAP0022)
Roll Call Votes
Passed House (95-Y 0-N)
2/10/2025
95
Yea
0
Nay
0
Not Voting
5
Absent
Result: PASSED
Reported from Courts of Justice (22-Y 0-N)
2/5/2025
22
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Read third time and passed Senate (40-Y 0-N)
1/21/2025
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Constitutional reading dispensed (on 1st reading) (40-Y 0-N)
1/17/2025
40
Yea
0
Nay
0
Not Voting
0
Absent
Result: PASSED
Reported from Courts of Justice (13-Y 0-N 2-A)
1/15/2025
13
Yea
0
Nay
2
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(3/18/2025)
Chamber
Senate
Sponsors
Republican: 1
Primary Sponsor
Glen Sturtevant
Republican