Missouri HB608: Modifies the "Principal and Income Act" to resemble the latest version of the "Uniform Fiduciary Income and Principal Act"

What the bill says

From the engrossed text:

FIRST REGULAR SESSION [PERFECTED] HOUSE BILL NO. 103RD GENERAL ASSEMBLY INTRODUCED BY REPRESENTATIVE THOMPSON. 1639H.01P JOSEPHENGLER,ChiefClerk To repeal sections 214.330, 469.401, 469.402, 469.403, 469.405, 469.409, 469.411, 469.413, 469.415, 469.417, 469.419, 469.421, 469.423, 469.425, 469.427, 469.429, 469.431, 469.432, 469.433, 469.435, 469.437, 469.439, 469.441, 469.443, 469.445, 469.447, 469.449, 469.451, 469.453, 469.455, 469.457, 469.459, 469.461, 469.463, 469.465, and 469.467, RSMo, and to enact in lieu thereof forty-eight new sections relating to trust and estate administration. Section A. Sections 214.330, 469.401, 469.402, 469.403, 469.405, 469.409, 469.411, 469.413, 469.415, 469.417, 469.419, 469.421, 469.423, 469.425, 469.427, 469.429, 469.431, 469.432, 469.433, 469.435, 469.437, 469.439, 469.441, 469.443, 469.445, 469.447, 469.449, 469.451, 469.453, 469.455, 469.457, 469.459, 469.461, 469.463, 469.465, and 469.467, RSMo, are repealed and forty-eight new sections enacted in lieu thereof, to be known as sections 214.330, 469.399, 469.401, 469.402, 469.403, 469.404, 469.405, 469.413, 469.415, 469.417, 469.419, 469.421, 469.423, 469.425, 469.427, 469.429, 469.431, 469.432, 469.433, 469.435, 469.437, 469.439, 469.441, 469.443, 469.445, 469.447, 469.449, 469.450, 469.451, 469.453, 469.455, 469.456, 469.457, 469.459, 469.462, 469.463, 469.464, 469.465, 469.467, 469.471, 469.473, 469.475, 469.477, 469.479, 469.481, 469.483, 469.485, and 469.487, to read as follows: 214.330. 1. (1) Theendowedcaretrustfundrequiredbysections214.270to214.410 shall be permanently set aside in trust or in accordance with the provisions of subsection 2 of this section. The trustee of the endowed care trust shall be a state or federally chartered EXPLANATION -- …

Read the full official text

Sponsors

• Thompson, Terry (R, 053) · primary sponsor

Latest actions

1. April 29, 2025: Second read and referred: Insurance and Banking(S)
2. April 22, 2025: Reported to the Senate and First Read (S)
3. April 22, 2025: Third Read and Passed (H) - AYES: 139 NOES: 9 PRESENT: 0
4. April 22, 2025: Taken Up for Third Reading (H)
5. April 16, 2025: Perfected (H)
6. April 16, 2025: Title of Bill - Agreed To
7. April 16, 2025: Taken Up for Perfection (H)
8. April 9, 2025: Placed Back on Formal Perfection Calendar (H)
9. March 25, 2025: Placed on the Informal Perfection Calendar (H)
10. March 12, 2025: Reported Do Pass (H) - AYES: 10 NOES: 0 PRESENT: 0

Votes

• Third Read and Passed (H) (April 22, 2025): 139 yea, 9 nay, passed
• Reported Do Pass (H) (March 12, 2025): 10 yea, 0 nay, passed
• Reported Do Pass (H) (February 20, 2025): 10 yea, 0 nay, passed

Common questions

What is HB608?

HB608 is a bill in the Missouri Legislature (2025 Regular Session): Modifies the "Principal and Income Act" to resemble the latest version of the "Uniform Fiduciary Income and Principal Act".

What is the status of HB608?

In committee as of April 29, 2025. Latest action: Second read and referred: Insurance and Banking(S) (April 29, 2025).

Who sponsored HB608?

Thompson, Terry (R, 053).

Where is the official record for HB608?

On the Missouri Legislature website: https://house.mo.gov/BillContent.aspx?bill=HB608&year=2025&code=R