republic-os/legislation/us/states/va/2024/sb-566.md

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
Bill	Trusts; release or ratification of trustee by beneficiary, response of beneficiary in writing.	Trustees; settlement of accounts; notice andstatements to beneficiaries; requirements. Provides that when(i) a trust terminates pursuant to the terms of the trust, (ii) atrust terminates early, (iii) a trustee resigns or is removed, or(iv) a trustee is seeking discharge of an interim account periodwhen the trust is continuing, a trustee may obtain a settlement of accounts if the trustee sends the beneficiary notice and certainrequired accounting statements and the beneficiary does not objectwithin 45 days after the trustee sends such notice. The bill provides that if a beneficiary or other party who received such notice andstatements properly objects, the trustee or qualified beneficiaryor other party shall either submit such objection in writing to thecourt for resolution or resolve the objection by a nonjudicial settlement agreement or other written agreement. The bill also provides thatwhen a qualified beneficiary has failed to object within the 45-dayperiod or consents to such action of the trustee, the beneficiary or other party is prohibited from bringing a claim against the trusteefor challenging the validity of (i) the trust or (ii) the periodof such interim accounts.	us/states/va	Virginia General Assembly	2024	SB 566	Virginia SB 566 (2024)	bill		enacted	R. Creigh Deeds	4	31	6	2024-01-10	2024-04-05	openstates	ocd-bill/61fd3888-76b1-4c18-9fb1-f6fa6d5360c3	https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB566	66a32dbaeeb1e46e621e12fdad7c8603f168269de704ca7a707e7be05d42dbb5	2026-07-01	https://data.openstates.org/daily/2026-07-01/public.pgdump	2026-07-06	reported	legislation bill us-va

Virginia SB 566 (2024) — Trusts; release or ratification of trustee by beneficiary, response of beneficiary in writing.

Trustees; settlement of accounts; notice andstatements to beneficiaries; requirements. Provides that when(i) a trust terminates pursuant to the terms of the trust, (ii) atrust terminates early, (iii) a trustee resigns or is removed, or(iv) a trustee is seeking discharge of an interim account periodwhen the trust is continuing, a trustee may obtain a settlement of accounts if the trustee sends the beneficiary notice and certainrequired accounting statements and the beneficiary does not objectwithin 45 days after the trustee sends such notice. The bill provides that if a beneficiary or other party who received such notice andstatements properly objects, the trustee or qualified beneficiaryor other party shall either submit such objection in writing to thecourt for resolution or resolve the objection by a nonjudicial settlement agreement or other written agreement. The bill also provides thatwhen a qualified beneficiary has failed to object within the 45-dayperiod or consents to such action of the trustee, the beneficiary or other party is prohibited from bringing a claim against the trusteefor challenging the validity of (i) the trust or (ii) the periodof such interim accounts.

Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. CHAP0600 (committee substitute) — source
2. Committee substitute printed 24106625D-S1 (committee substitute) — source
3. Prefiled and ordered printed; offered 01/10/24 24101324D (committee substitute) — source
4. SB566ER (committee substitute) — source

Votes

• Passed Senate (40-Y 0-N) — 40–0 (pass) · upper
• Reported from Courts of Justice (21-Y 0-N) — 21–0 (pass) · lower
• Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
• Reported from Courts of Justice with substitute (15-Y 0-N) — 15–0 (pass) · upper
• Constitutional reading dispensed (40-Y 0-N) — 40–0 (pass) · upper
• VOTE: Block Vote Passage (97-Y 0-N) — 96–0 (pass) · lower

Sponsors

• R. Creigh Deeds — primary (person)

Timeline

The legislative action history — every referral, reading, and vote.

• 2024-01-10 Prefiled and ordered printed; offered 01/10/24 24101324D filing, introduction
• 2024-01-10 Referred to Committee for Courts of Justice referral-committee
• 2024-02-05 Impact statement from SCC (SB566)
• 2024-02-12 Senate committee, floor amendments and substitutes offered
• 2024-02-12 Reported from Courts of Justice with substitute (15-Y 0-N) committee-passage
• 2024-02-12 Committee substitute printed 24106625D-S1 substitution
• 2024-02-13 Read second time reading-2
• 2024-02-13 Reading of substitute waived
• 2024-02-13 Committee substitute agreed to 24106625D-S1 substitution
• 2024-02-13 Engrossed by Senate - committee substitute SB566S1 substitution
• 2024-02-13 Constitutional reading dispensed (40-Y 0-N)
• 2024-02-13 Passed Senate (40-Y 0-N) passage
• 2024-02-13 Constitutional reading dispensed (40-Y 0-N)
• 2024-02-16 Placed on Calendar
• 2024-02-16 Read first time reading-1
• 2024-02-16 Referred to Committee for Courts of Justice referral-committee
• 2024-02-19 Impact statement from SCC (SB566S1)
• 2024-02-23 Reported from Courts of Justice (21-Y 0-N) committee-passage
• 2024-02-27 Read second time reading-2
• 2024-02-28 Read third time reading-3
• 2024-02-28 Passed House BLOCK VOTE (97-Y 0-N) passage
• 2024-02-28 VOTE: Block Vote Passage (97-Y 0-N) passage
• 2024-03-04 Enrolled enrolled
• 2024-03-04 Bill text as passed Senate and House (SB566ER) passage
• 2024-03-04 Signed by Speaker passage
• 2024-03-07 Signed by President passage
• 2024-03-08 Impact statement from SCC (SB566ER)
• 2024-03-11 Enrolled Bill Communicated to Governor on March 11, 2024 enrolled
• 2024-03-11 Governor's Action Deadline 11:59 p.m., April 8, 2024 executive-receipt
• 2024-04-05 Approved by Governor-Chapter 600 (effective 7/1/24) executive-signature
• 2024-04-05 Acts of Assembly Chapter text (CHAP0600)

Source

OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/61fd3888-76b1-4c18-9fb1-f6fa6d5360c3. Confidence: reported (aggregated from official Virginia legislature records).