HB1237:
Trust business; clarifies definition.
Bill Summary:
Definition of trust business. Clarifies the definition of "trust business" to specify that engaging in trust business does not include rendering services as an individual attorney at law or through an entity wholly owned by attorneys at law in the performance of duties as a fiduciary.
Bill Patron: Leftwich
Last Action(s):
(House) Enrolled Bill communicated to Governor on March 22, 2022 March 22, 2022
(Senate) Signed by President March 8, 2022
(Governor) Acts of Assembly Chapter text (CHAP0323)
Bill Status:
Passed House
Passed Senate
Approved