Georgia 2019-2020 Regular Session Status: Passed Senate Bipartisan · 3 R · 1 D cosponsors

SB 186 — Trusts; qualified self-settled spendthrift trusts; establish

Last action — House Second Readers

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  1. ✓
    Introduced
  2. ✓
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2019-2020 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there is no live prognosis. It would have to be reintroduced in the current session to move again.

Summary

A BILL to be entitled an Act to amend Chapter 12 of Title 53 of the O.C.G.A., relating to trusts, so as to establish qualified self-settled spendthrift trusts; to provide for exceptions for spendthrift provisions of trusts which are not within qualified self-settled spendthrift trusts; to provide for claims by creditors for such trusts; to provide for the creation of such trusts; to provide for transfers to such trusts; to provide for vacancies of trustees; to provide for standards for such trusts to be considered nonrevocable; to provide for claims for relief; to amend Part 4 of Article 9 of Title 11 of the O.C.G.A., relating to rights of third parties to secured transactions, so as to exclude qualified self-settled spendthrift trusts from restrictions on assignment; to provide for related matters; to repeal conflicting laws; and for other purposes.

Bill Text

We don't have the full text on file for this bill yet.

Read SB 186 on the official Georgia source →

Action History

  1. House Second Readers

  2. House First Readers

  3. Senate Passed/Adopted By Substitute

  4. Senate Third Read

  5. Senate Read Second Time

  6. Senate Committee Favorably Reported By Substitute

  7. Senate Read and Referred

  8. Senate Hopper

Sponsors

Sponsorship breakdown

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5 sponsors · 0 co-sponsors · 242 not signed on · 8 voted No

Sponsors (5)

Co-sponsors (0)

None.

Not signed on (242)

242 members have not signed on to this bill.

Show all 242 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Votes

PASSAGE BY SUBSTITUTE

Passed 36 Yea · 18 Nay · 2 Other
Party YeaNayPresentNot Voting
Republican 15101
Unaffiliated 18901
Democrat 3800
Total 361802
% of votes cast 64%32%0%4%
How each member voted (56)
Member Party Vote
ANDERSON — Yea
ANDERSON — Nay
BLACK — Yea
BURKE — Not Voting
BUTLER — Nay
DUGAN — Yea
HARPER — Yea
HEATH — Yea
HENSON — Nay
HILL — Yea
JACKSON — Nay
JONES — Yea
JONES — Yea
JONES II — Nay
JORDAN — Nay
KARINSHAK — Nay
KIRK — Yea
LIGON, JR. — Yea
MULLIS — Yea
SEAY — Nay
STONE — Yea
TATE — Yea
THOMPSON — Yea
TIPPINS — Yea
UNTERMAN — Yea
WATSON — Yea
WILKINSON — Yea
WILLIAMS — Nay
David Lucas Democrat Yea
Donzella James Democrat Nay
Ed Harbison Democrat Yea
Elena Parent Democrat Nay
Freddie Powell Sims Democrat Nay
Gail Davenport Democrat Nay
Michael 'Doc' Rhett Democrat Nay
Nan Orrock Democrat Nay
Sally Harrell Democrat Nay
Sheikh Rahman Democrat Nay
Tanya Miller Democrat Yea
Bill Cowsert Republican Yea
Blake Tillery Republican Yea
Brandon Beach Republican Yea
Brian Strickland Republican Yea
Charles Martin Republican Nay
Chuck Hufstetler Republican Yea
Chuck Payne Republican Yea
Frank Ginn Republican Not Voting
Greg Dolezal Republican Yea
John Albers Republican Yea
John F. Kennedy Republican Yea
Kay Kirkpatrick Republican Yea
Larry Walker, III Republican Yea
Marty Harbin Republican Yea
Matt Brass Republican Yea
Randy Robertson Republican Yea
Steve Gooch Republican Yea

Official roll call →

Subjects

finance
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does SB 186 do?
A BILL to be entitled an Act to amend Chapter 12 of Title 53 of the O.C.G.A., relating to trusts, so as to establish qualified self-settled spendthrift trusts; to provide for exceptions for spendthrift provisions of trusts which are not within qualified self-settled spendthrift trusts; to provide for claims by creditors for such trusts; to provide for the creation of such trusts; to provide for transfers to such trusts; to provide for vacancies of trustees; to provide for standards for such trusts to be considered nonrevocable; to provide for claims for relief; to amend Part 4 of Article 9 of Title 11 of the O.C.G.A., relating to rights of third parties to secured transactions, so as to exclude qualified self-settled spendthrift trusts from restrictions on assignment; to provide for related matters; to repeal conflicting laws; and for other purposes.
Who sponsors SB 186?
SB 186 is sponsored by Bill Cowsert (Republican), Jesse Stone, Michael 'Doc' Rhett (Democrat), Brandon Beach (Republican), and John F. Kennedy (Republican).
What is the current status of SB 186?
This bill died with 2019-2020 Regular Session. It reached “Passed Senate” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track SB 186?
Track SB 186 free on One Click Politics — get push/email alerts when it moves.

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Last checked for changes 3 months ago · updated continuously

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