Fabio
89 lines
4.5 KiB
Markdown
89 lines
4.5 KiB
Markdown
---
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type: "Bill"
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title: "Uniform Trust Code; expands certain specific powers of trustee."
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description: "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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jurisdiction: "us/states/va"
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legislature: "Virginia General Assembly"
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session: "2025"
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identifier: "HB 2243"
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citation: "Virginia HB 2243 (2025)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Rae Cousins"]
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version_count: 3
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action_count: 25
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vote_count: 6
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first_action: "2025-01-07"
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last_action: "2025-03-19"
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source: "openstates"
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source_identifier: "ocd-bill/530a2ea4-9f5f-41ce-af3b-0139f3884b73"
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source_url: "https://lis.virginia.gov/bill-details/20251/HB2243"
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source_hash: "f85fc9d0ffe27ab8a1b9edb30ef12a03c275d62ed4151f92f77e9dbc83d33d0e"
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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 HB 2243 (2025) — Uniform Trust Code; expands certain specific powers of trustee.
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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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## 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. **Introduced** (filed) — [source](https://lis.blob.core.windows.net/files/1015681.PDF)
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2. **Chaptered** (committee substitute) — [source](https://lis.blob.core.windows.net/files/1071686.PDF)
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3. **Enrolled** (enrolled) — [source](https://lis.blob.core.windows.net/files/1057147.PDF)
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## Votes
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- Constitutional reading dispensed (on 2nd reading) (36-Y 0-N) — **36–0** (pass) · upper
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- Passed Senate (30-Y 9-N) — **39–0** (pass) · upper
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- Read third time and passed House (96-Y 0-N) — **96–0** (pass) · lower
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- Reported from Courts of Justice (22-Y 0-N) — **22–0** (pass) · lower
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- Subcommittee recommends reporting (8-Y 0-N) — **8–0** (pass) · lower
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- Reported from Courts of Justice (15-Y 0-N) — **15–0** (pass) · upper
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## Sponsors
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- Rae Cousins — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2025-01-07** Prefiled and ordered printed; Offered 01-08-2025 25102762D `filing, introduction`
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- **2025-01-07** Referred to Committee for Courts of Justice `referral-committee`
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- **2025-01-19** Fiscal Impact Statement from State Corporation Commission (HB2243)
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- **2025-01-21** Assigned Courts sub: Civil `referral-committee`
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- **2025-01-22** Subcommittee recommends reporting (8-Y 0-N)
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- **2025-01-24** Reported from Courts of Justice (22-Y 0-N) `committee-passage`
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- **2025-01-28** Read first time `reading-1`
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- **2025-01-29** Read second time and engrossed `reading-2`
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- **2025-01-30** Read third time and passed House (96-Y 0-N) `passage, reading-3`
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- **2025-01-31** Constitutional reading dispensed (on 1st reading)
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- **2025-01-31** Referred to Committee for Courts of Justice `referral-committee`
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- **2025-02-12** Reported from Courts of Justice (15-Y 0-N) `committee-passage`
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- **2025-02-14** Rules suspended
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- **2025-02-14** Constitutional reading dispensed (on 2nd reading) (36-Y 0-N)
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- **2025-02-14** Passed by for the day
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- **2025-02-17** Read third time `reading-3`
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- **2025-02-17** Passed Senate (39-Y 0-N) `passage`
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- **2025-02-19** Enrolled `enrolled`
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- **2025-02-19** Bill text as passed House and Senate (HB2243ER) `passage`
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- **2025-02-19** Signed by Speaker `passage`
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- **2025-02-22** Signed by President `passage`
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- **2025-03-03** Enrolled Bill communicated to Governor on March 3, 2025 `enrolled, executive-receipt`
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- **2025-03-03** Governor's Action Deadline 11:59 p.m., March 24, 2025 `executive-receipt`
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- **2025-03-19** Approved by Governor-Chapter 165 (Effective 07/01/25) `executive-signature`
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- **2025-03-19** Acts of Assembly Chapter text (CHAP0165)
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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/530a2ea4-9f5f-41ce-af3b-0139f3884b73`. Confidence: reported (aggregated from official Virginia legislature records).
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