Fabio
6.0 KiB
type, title, description, jurisdiction, legislature, session, identifier, citation, classification, subjects, status, primary_sponsors, version_count, action_count, vote_count, first_action, last_action, source, source_identifier, source_url, source_hash, vintage, source_snapshot, retrieved_at, confidence, tags
| type | title | description | jurisdiction | legislature | session | identifier | citation | classification | subjects | status | primary_sponsors | version_count | action_count | vote_count | first_action | last_action | source | source_identifier | source_url | source_hash | vintage | source_snapshot | retrieved_at | confidence | tags | |||||
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| Bill | Financial institutions; multiple-fiduciary accounts. | Financial institutions; multiple-fiduciary accounts. Provides that financial institutions may enter into multiple-fiduciary accounts with more than one fiduciary to the same extent that they may enter into fiduciary accounts with one fiduciary. The measure defines "fiduciary account" as (i) an estate account for a decedent, (ii) an account established by one or more agents under a power of attorney or an existing account of a principal to which one or more agents under a power of attorney are added, (iii) an account established by one or more conservators, (iv) an account established by one or more committees, (v) a regular trust account under a testamentary trust or a trust agreement that has significance apart from the account, or (vi) an account arising from a fiduciary relationship such as an attorney-client relationship. The measure defines "multiple-fiduciary account" as a fiduciary account where more than one fiduciary is authorized to act. The measure also allows any multiple-fiduciary account to be paid, on request, to any one or more fiduciaries, including any successor fiduciary upon proof showing that the successor fiduciary is duly authorized to act, or at the direction of any one or more of the fiduciaries. | us/states/va | Virginia General Assembly | 2020 | SB 293 | Virginia SB 293 (2020) |
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enacted |
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3 | 22 | 5 | 2020-01-03 | 2020-03-10 | openstates | ocd-bill/941948bd-6905-4f2c-91a1-a9abb9331ab7 | https://lis.virginia.gov/cgi-bin/legp604.exe?201+sum+SB293 | bbc7936b3ace4e121043cbcd2c029953face8d41d0575ffa8ce48095966b0bd6 | 2026-07-01 | https://data.openstates.org/daily/2026-07-01/public.pgdump | 2026-07-06 | reported |
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Virginia SB 293 (2020) — Financial institutions; multiple-fiduciary accounts.
Financial institutions; multiple-fiduciary accounts. Provides that financial institutions may enter into multiple-fiduciary accounts with more than one fiduciary to the same extent that they may enter into fiduciary accounts with one fiduciary. The measure defines "fiduciary account" as (i) an estate account for a decedent, (ii) an account established by one or more agents under a power of attorney or an existing account of a principal to which one or more agents under a power of attorney are added, (iii) an account established by one or more conservators, (iv) an account established by one or more committees, (v) a regular trust account under a testamentary trust or a trust agreement that has significance apart from the account, or (vi) an account arising from a fiduciary relationship such as an attorney-client relationship. The measure defines "multiple-fiduciary account" as a fiduciary account where more than one fiduciary is authorized to act. The measure also allows any multiple-fiduciary account to be paid, on request, to any one or more fiduciaries, including any successor fiduciary upon proof showing that the successor fiduciary is duly authorized to act, or at the direction of any one or more of the fiduciaries.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
- Acts of Assembly Chapter text (CHAP0259) (committee substitute) — source
- Bill text as passed Senate and House (SB293ER) (committee substitute) — source
- Impact statement from SCC (SB293) (committee substitute) — source
Votes
- Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
- Reported from Commerce and Labor (15-Y 0-N) — 15–0 (pass) · upper
- Read third time and passed Senate (39-Y 0-N) — 39–0 (pass) · upper
- VOTE: Block Vote Passage (98-Y 0-N) — 97–0 (pass) · lower
- Reported from Labor and Commerce (21-Y 0-N) — 21–0 (pass) · lower
Sponsors
- A. Benton "Ben" Chafin — primary (person)
Timeline
The legislative action history — every referral, reading, and vote.
- 2020-01-03 Prefiled and ordered printed; offered 01/08/20 20100127D
introduction - 2020-01-03 Referred to Committee on Commerce and Labor
referral-committee - 2020-01-07 Impact statement from SCC (SB293)
- 2020-01-20 Reported from Commerce and Labor (15-Y 0-N)
committee-passage - 2020-01-22 Constitutional reading dispensed (40-Y 0-N)
- 2020-01-23 Read second time and engrossed
reading-2 - 2020-01-24 Read third time and passed Senate (39-Y 0-N)
passage, reading-3 - 2020-02-13 Placed on Calendar
- 2020-02-13 Read first time
reading-1 - 2020-02-13 Referred to Committee on Labor and Commerce
referral-committee - 2020-02-18 Reported from Labor and Commerce (21-Y 0-N)
committee-passage - 2020-02-20 Read second time
reading-2 - 2020-02-21 Read third time
reading-3 - 2020-02-21 Passed House BLOCK VOTE (98-Y 0-N)
passage - 2020-02-21 VOTE: Block Vote Passage (98-Y 0-N)
- 2020-02-25 Enrolled
- 2020-02-25 Impact statement from SCC (SB293ER)
- 2020-02-25 Signed by Speaker
- 2020-02-26 Signed by President
- 2020-03-03 Enrolled Bill Communicated to Governor on February 3, 2020
- 2020-03-03 Governor's Action Deadline 11:59 p.m., March 10, 2020
- 2020-03-10 Approved by Governor-Chapter 259 (effective 7/1/20)
executive-signature
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/941948bd-6905-4f2c-91a1-a9abb9331ab7. Confidence: reported (aggregated from official Virginia legislature records).