Fabio
80 lines
4.7 KiB
Markdown
80 lines
4.7 KiB
Markdown
---
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type: "Bill"
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title: "Uniform Fiduciary Income and Principal Act."
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description: "Existing law, the Uniform Principal and Income Act, generally sets forth the powers and duties of a fiduciary of a trust. These powers and duties are related to, among other matters, the allocation of receipts and disbursements between principal and income, making adjustments between principal and income, and converting a trust to a unitrust."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20232024"
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identifier: "SB 522"
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citation: "California SB 522 (20232024)"
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classification: ["bill"]
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subjects: ["Uniform Fiduciary Income and Principal Act"]
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status: "enacted"
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primary_sponsors: ["Niello"]
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version_count: 5
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action_count: 16
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vote_count: 4
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first_action: "2023-02-14"
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last_action: "2023-06-29"
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source: "openstates"
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source_identifier: "ocd-bill/0b0f5305-0ae9-42aa-baec-2f0dc275c1c6"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB522"
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source_hash: "4c094c7c4f23e74db59f6bf2838b7893841d4c449c3792416de10005adf01652"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California SB 522 (20232024) — Uniform Fiduciary Income and Principal Act.
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Existing law, the Uniform Principal and Income Act, generally sets forth the powers and duties of a fiduciary of a trust. These powers and duties are related to, among other matters, the allocation of receipts and disbursements between principal and income, making adjustments between principal and income, and converting a trust to a unitrust.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **02/14/23 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB522&version=20230SB52299INT)
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2. **04/13/23 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB522&version=20230SB52298AMD)
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3. **06/29/23 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB522&version=20230SB52296CHP)
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4. **SB522** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=202320240SB522)
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5. **06/21/23 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=202320240SB522&version=20230SB52297ENR)
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## Votes
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- Do pass as amended, and be ordered to the Consent Calendar — **10–0** (pass) · upper
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- Consent Calendar — **36–0** (pass) · upper
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- SB 522 Niello Consent Calendar Second Day — **73–0** (pass) · lower
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- Do pass. To Consent Calendar. — **11–0** (pass) · lower
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## Sponsors
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- Niello — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-02-14** Introduced. Read first time. To Com. on RLS. for assignment. To print. `introduction, reading-1`
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- **2023-02-15** From printer. May be acted upon on or after March 17.
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- **2023-02-22** Referred to Com. on JUD. `referral-committee`
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- **2023-03-29** Set for hearing April 11.
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- **2023-04-12** From committee: Do pass as amended. Ordered to consent calendar. (Ayes 10. Noes 0. Page 686.) (April 11). `amendment-passage, committee-passage, committee-passage-favorable`
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- **2023-04-13** Read second time and amended. Ordered to consent calendar. `amendment-passage, reading-1, reading-2`
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- **2023-04-20** Read third time. Passed. (Ayes 36. Noes 0. Page 814.) Ordered to the Assembly. `passage, reading-1, reading-3`
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- **2023-04-20** In Assembly. Read first time. Held at Desk. `reading-1`
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- **2023-05-04** Referred to Com. on JUD. `referral-committee`
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- **2023-06-13** From committee: Do pass. Ordered to consent calendar. (Ayes 11. Noes 0.) (June 13). `committee-passage, committee-passage-favorable`
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- **2023-06-14** Read second time. Ordered to consent calendar. `reading-1, reading-2`
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- **2023-06-19** Read third time. Passed. (Ayes 73. Noes 0. Page 2289.) Ordered to the Senate. `passage, reading-1, reading-3`
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- **2023-06-20** In Senate. Ordered to engrossing and enrolling.
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- **2023-06-23** Enrolled and presented to the Governor at 11 a.m.
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- **2023-06-29** Approved by the Governor. `executive-signature`
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- **2023-06-29** Chaptered by Secretary of State. Chapter 28, Statutes of 2023. `became-law`
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/0b0f5305-0ae9-42aa-baec-2f0dc275c1c6`. Confidence: reported (aggregated from official California legislature records).
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