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Minutes for HB2126 - Committee on Judiciary
Short Title
Relating to the mediation or arbitration of trust provisions.
Minutes Content for Mon, Mar 20, 2017
Jason Thompson gave a brief on the bill saying that it provides that provisions in trust instruments requiring mediation or arbitration of disputes are enforceable, and he explained the exception to this.
Proponent:
Joseph Molina shared his support (Attachment 13) for the bill saying it codifies going to arbitration instead of court when there is disagreement about a trust, and concluded that if validity of trust is the issue, all parties have to agree to go to arbitration.
The question concerning if this is already practiced and is simply being put into law, was answered. Seeing no further conferees, questions, or discussion, Chairman Wilborn closed the hearing.
Chairman Wilborn announced that the Informational Brief on H Sub for SB42 set for Thursday, March 23, 2017 will have no conferees, as the staff will be delivering the brief, and then he adjourned the meeting at 11:52 AM.
