Fabio
94 lines
5.3 KiB
Markdown
94 lines
5.3 KiB
Markdown
---
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type: "Bill"
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title: "Termination of trust; notice requirements."
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description: "Termination of trust; notice requirements. Provides that a trustee seeking to terminate a trust may do so without a court order, provided that the trustee sends notice, subject to certain provisions enumerated in the bill, to any qualified beneficiaries or cotrustees. The bill also provides that a qualified beneficiary or cotrustee who objects to the termination of the trust may provide to the trustee seeking to terminate the trust written notice of such objection within 60 days of receipt of the notice of termination. This bill is identical to HB 332."
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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2024"
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identifier: "SB 63"
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citation: "Virginia SB 63 (2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Ryan T. McDougle"]
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version_count: 4
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action_count: 29
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vote_count: 6
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first_action: "2023-12-27"
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last_action: "2024-04-02"
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source: "openstates"
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source_identifier: "ocd-bill/0583dfcb-abb8-425a-8430-66dfa68043e9"
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source_url: "https://lis.virginia.gov/cgi-bin/legp604.exe?241+sum+SB63"
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source_hash: "60b1b65e93b2fe88ada38b5f53ea65d45ba26812796cbc9e0850a4e45fedce90"
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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-va"]
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---
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# Virginia SB 63 (2024) — Termination of trust; notice requirements.
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Termination of trust; notice requirements. Provides that a trustee seeking to terminate a trust may do so without a court order, provided that the trustee sends notice, subject to certain provisions enumerated in the bill, to any qualified beneficiaries or cotrustees. The bill also provides that a qualified beneficiary or cotrustee who objects to the termination of the trust may provide to the trustee seeking to terminate the trust written notice of such objection within 60 days of receipt of the notice of termination. This bill is identical to HB 332.
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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. **CHAP0336** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+CHAP0336)
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2. **Committee substitute printed 24105821D-S1** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB63S1)
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3. **Prefiled and ordered printed; offered 01/10/24 24101044D** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB63)
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4. **SB63ER** (committee substitute) — [source](https://lis.virginia.gov/cgi-bin/legp604.exe?241+ful+SB63ER)
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## Votes
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- VOTE: Block Vote Passage (100-Y 0-N) — **99–0** (pass) · lower
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Constitutional reading dispensed (40-Y 0-N) — **40–0** (pass) · upper
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- Passed Senate (40-Y 0-N) — **40–0** (pass) · upper
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- Reported from Courts of Justice with substitute (14-Y 0-N) — **14–0** (pass) · upper
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- Reported from Courts of Justice (22-Y 0-N) — **22–0** (pass) · lower
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## Sponsors
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- Ryan T. McDougle — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-12-27** Prefiled and ordered printed; offered 01/10/24 24101044D `filing, introduction`
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- **2023-12-27** Referred to Committee for Courts of Justice `referral-committee`
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- **2024-01-10** Moved from Judiciary to Courts of Justice due to a change of the committee name
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- **2024-02-12** Senate committee, floor amendments and substitutes offered
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- **2024-02-12** Reported from Courts of Justice with substitute (14-Y 0-N) `committee-passage`
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- **2024-02-12** Committee substitute printed 24105821D-S1 `substitution`
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- **2024-02-13** Read second time `reading-2`
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- **2024-02-13** Reading of substitute waived
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- **2024-02-13** Committee substitute agreed to 24105821D-S1 `substitution`
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- **2024-02-13** Engrossed by Senate - committee substitute SB63S1 `substitution`
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- **2024-02-13** Constitutional reading dispensed (40-Y 0-N)
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- **2024-02-13** Passed Senate (40-Y 0-N) `passage`
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- **2024-02-13** Constitutional reading dispensed (40-Y 0-N)
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- **2024-02-15** Placed on Calendar
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- **2024-02-15** Read first time `reading-1`
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- **2024-02-15** Referred to Committee for Courts of Justice `referral-committee`
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- **2024-02-16** Reported from Courts of Justice (22-Y 0-N) `committee-passage`
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- **2024-02-20** Read second time `reading-2`
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- **2024-02-21** Read third time `reading-3`
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- **2024-02-21** Passed House BLOCK VOTE (100-Y 0-N) `passage`
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- **2024-02-21** VOTE: Block Vote Passage (100-Y 0-N) `passage`
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- **2024-02-26** Enrolled `enrolled`
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- **2024-02-26** Bill text as passed Senate and House (SB63ER) `passage`
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- **2024-02-26** Signed by Speaker `passage`
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- **2024-02-28** Signed by President `passage`
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- **2024-03-11** Enrolled Bill Communicated to Governor on March 11, 2024 `enrolled`
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- **2024-03-11** Governor's Action Deadline 11:59 p.m., April 8, 2024 `executive-receipt`
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- **2024-04-02** Approved by Governor-Chapter 336 (effective 7/1/24) `executive-signature`
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- **2024-04-02** Acts of Assembly Chapter text (CHAP0336)
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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/0583dfcb-abb8-425a-8430-66dfa68043e9`. Confidence: reported (aggregated from official Virginia legislature records).
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