SB 654 – Provides that a provision in a trust instrument requiring mediation or arbitration is enforceable

• Sponsor: Keaveny
• LR Number: 4124S.01I
• Committee: Judiciary and Civil and Criminal Jurisprudence
• Last Action: 2/26/2014 - Voted Do Pass S Judiciary and Civil and Criminal Jurisprudence Committee
• Effective Date: August 28, 2014

Current Bill Summary

SB 654 - This act provides that a provision in a trust instrument requiring mediation or arbitration is enforceable. However, provisions requiring mediation or arbitration of disputes relating to the validity of the trust are not enforceable unless all interested parties consent to the mediation or arbitration.

This act is identical to provisions contained in HCS/SB 499 (2014) and the truly agreed to and finally passed version of SB 500 (2014).

JESSICA BAKER