HB175--TRUSTTERMINATION
SPONSOR: Parker
Currently,undercertaincircumstances, ajudicialproceedingbya
beneficiaryagainstatrusteeforbreachoftrustmustbecommenced
withinfiveyearsafterthefirsttooccurof,amongotherthings,
theterminationofthebeneficiary'sinterestinthetrustorthe
terminationofthetrust.Thisbillspecifiesthatitisthe
occurrenceoftheeventcausingaterminationofthebeneficiary's
interestinthetrustortheoccurrenceoftheeventcausinga
terminationofthetrust.