summary
Introduced
01/24/2022
01/24/2022
In Committee
02/07/2022
02/07/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to the partition of nominee trusts. The Judiciary.
AI Summary
This bill amends Section 1 of Chapter 241 of the General Laws to allow beneficiaries of nominee trusts, in addition to any person, to petition for the partition of their respective interests in real property. A nominee trust is a type of trust where the legal title to the property is held by a trustee, but the beneficial interest is held by the beneficiaries. This change allows beneficiaries of such nominee trusts to seek the partition of the real property held in the trust, which can be useful for resolving disputes or dividing assets among the beneficiaries.
Committee Categories
Justice
Sponsors (1)
Last Action
Accompanied a study order, see S2976 (on 07/05/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/192/S2810 |
| Bill | https://malegislature.gov/Bills/192/S2810.pdf |
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