VirginiaHB22432025 Regular SessionHouse

Uniform Trust Code; expands certain specific powers of trustee.

Sponsored By: Rae Cousins (Democratic)

To Governor

Summary

Uniform Trust Code; specific powers of trustee. Expands certain specific powers conferred to a trustee, including the power to guarantee loans, the power to pledge trust property to guarantee loans, the exercise of certain powers with respect to an interest in real property, and the exercise of certain powers relating to stocks and other securities.

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Bill Overview

No Economic Impacts Identified for this Bill

Sponsors & Cosponsors

Sponsor

  • Rae Cousins

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 216 • No: 0

Senate vote • 2/17/2025

Passed Senate Block Vote

Yes: 39 • No: 0

Senate vote • 2/14/2025

Constitutional reading dispensed Block Vote (on 2nd reading)

Yes: 36 • No: 0

Senate vote • 2/12/2025

Reported from Courts of Justice

Yes: 15 • No: 0

House vote • 1/30/2025

Read third time and passed House Block Vote

Yes: 96 • No: 0

House vote • 1/24/2025

Reported from Courts of Justice

Yes: 22 • No: 0

House vote • 1/22/2025

Subcommittee recommends reporting

Yes: 8 • No: 0 • Other: 1

Actions Timeline

  1. Acts of Assembly Chapter text (CHAP0165)

    3/19/2025Governor
  2. Approved by Governor-Chapter 165 (Effective 07/01/25)

    3/19/2025Governor
  3. Governor's Action Deadline 11:59 p.m., March 24, 2025

    3/3/2025Governor
  4. Enrolled Bill communicated to Governor on March 3, 2025

    3/3/2025House
  5. Signed by President

    2/22/2025Senate
  6. Bill text as passed House and Senate (HB2243ER)

    2/19/2025House
  7. Enrolled

    2/19/2025House
  8. Signed by Speaker

    2/19/2025House
  9. Passed Senate Block Vote (39-Y 0-N)

    2/17/2025Senate
  10. Read third time

    2/17/2025Senate
  11. Passed by for the day

    2/14/2025Senate
  12. Constitutional reading dispensed Block Vote (on 2nd reading) (36-Y 0-N)

    2/14/2025Senate
  13. Rules suspended

    2/14/2025Senate
  14. Reported from Courts of Justice (15-Y 0-N)

    2/12/2025Senate
  15. Referred to Committee for Courts of Justice

    1/31/2025Senate
  16. Constitutional reading dispensed (on 1st reading)

    1/31/2025Senate
  17. Read third time and passed House Block Vote (96-Y 0-N)

    1/30/2025House
  18. Read second time and engrossed

    1/29/2025House
  19. Read first time

    1/28/2025House
  20. Reported from Courts of Justice (22-Y 0-N)

    1/24/2025House
  21. Subcommittee recommends reporting (8-Y 0-N)

    1/22/2025House
  22. Assigned Courts sub: Civil

    1/21/2025House
  23. Fiscal Impact Statement from State Corporation Commission (HB2243)

    1/19/2025House
  24. Referred to Committee for Courts of Justice

    1/7/2025House
  25. Prefiled and ordered printed; Offered 01-08-2025 25102762D

    1/7/2025House

Bill Text

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