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using concise, plain and objective descriptions
Legislation watch
2012 Senate Bill 979: Allow “trust decanting”
Public Act 484 of 2012
Introduced by Sen. Tonya Schuitmaker R-Lawton on February 23, 2012
To allow “trust decanting,” which means moving assets held by an irrevocable trust into a different trust. Official Text and Analysis.
Referred to the Senate Judiciary Committee on February 23, 2012
Reported in the Senate on May 9, 2012
With the recommendation that the bill pass.
Received in the House on May 23, 2012
Referred to the House Judiciary Committee on May 23, 2012
Reported in the House on September 13, 2012
With the recommendation that the bill be referred to the Committee on Banking and Financial Services.
Referred to the House Banking and Financial Services Committee on September 13, 2012
Reported in the House on December 5, 2012
Without amendment and with the recommendation that the bill pass.
Signed by Gov. Rick Snyder on December 26, 2012