BILL · 1995–96 SESSION · LATEST VERSION SHB 1185

HB 1185: Investment of trust funds

Revising regulations for the investment of trust funds.

Summary

  • The Investment of Trust Funds Act is amended to codify existing case law and to clarify the statutes governing the investment of trust monies. A fiduciary has a duty to invest trust funds solely in the interest of the beneficiaries and a duty to act impartially in making investment decisions if the trust has more than one beneficiary.

From the Substitute Senate Bill Report (SHB 1185), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · passed House, stalled in Senate
  1. IntroducedJan 16, 1995
  2. Out of committee
  3. Passed HouseFeb 17, 1995
  4. Passed Senatestopped here
  5. Governor
  6. Law
Prime sponsor
Tim Hickel (R-30)
Introduced
January 16, 1995 in the House
Last action
January 8, 1996
Companion bill
SB 5333
Versions
HB 1185, SHB 1185

Sponsors

Prime sponsor: Tim Hickel (R-30)

1 co-sponsor (1 Democrat, 0 Republicans)

Votes

House · Final Passage

February 17, 1995
Version voted on: SHB 1185
94 Yea 0 Nay 0 Absent 4 Excused
PartyYeaNayAbsentExcused
Democrat35001
Republican59003
How each member voted

Yea (94)

History

The Legislature's online data doesn't include step-by-step history for sessions before 2001. Its final status is shown above, and the official bill page may have more.

HB 1185 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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