HB 431 (2003): eliminating application of the rule against perpetuities to instruments that contain safeguards relative to the continued alienability of property.

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“HB 431 (2003): eliminating application of the rule against perpetuities to instruments that contain safeguards relative to the continued alienability of property.” Granite Record, https://graniterecord.org/bill/2003/hb431. Accessed 24 Oct. 2026.
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@misc{bill-2003-hb431, title = {HB 431 (2003): eliminating application of the rule against perpetuities to instruments that contain safeguards relative to the continued alienability of property.}, howpublished = {Granite Record}, url = {https://graniterecord.org/bill/2003/hb431}, note = {Accessed 24 Oct. 2026} }

HB 431 (2003)

eliminating application of the rule against perpetuities to instruments that contain safeguards relative to the continued alienability of property.

  • Status: Signed into law
  • Term: 2003-2004
  • House committee: Commerce
  • Senate committee: Public Affairs
  • Subject: Miscellaneous
  • Chapter law: 143

The Story

It was introduced on January 9, 2003 and referred to the House Commerce committee. On February 20, 2003 the House adopted “Susp Rules for Feb 21 Hearing” on a voice vote. The committee held a public hearing on February 21, 2003. The committee held a work session on March 14, 2003. The majority recommended that the House pass it with changes, and the minority recommended that the House kill it, by a vote of 11–4. On March 25, 2003 the House voted to pass it with changes on a division vote 239–104. It crossed to the Senate on April 24, 2003 and was referred to the Senate Public Affairs committee. The committee held a public hearing on May 14, 2003. The committee recommended that the Senate pass it. On May 29, 2003 the Senate voted to pass it on a voice vote and ordered it to a third reading. On May 29, 2003 the Senate voted to pass it. The bill was enrolled on June 5, 2003 — the final check of the text before it goes to the governor. The governor signed it on June 17, 2003, making it Chapter 143 of the session laws. It took effect on January 1, 2004.

Sponsors

Hearings and Sessions

  • February 21, 2003, 11:00 AM: hearing, House Commerce, RM302,LOB
  • March 14, 2003, 1:15 PM: subcommittee work session, House Commerce, RM302,LOB <Rep Fraser>
  • May 14, 2003, 9:30 AM: hearing, Senate Public Affairs, SH 105-A

Votes

  • February 20, 2003, House: Susp Rules for Feb 21 Hearing — voice vote, passed
  • March 25, 2003, House: Ought to Pass with Amendment — yeas 239, nays 104, passed
  • May 29, 2003, Senate: Ought to Pass — voice vote, passed

The Docket

  • January 9, 2003: Introduced and ref to Commerce
  • January 28, 2003: ==CANCELLED(Storm)==Hearing Feb 18 11:00 RM302,LOB
  • February 20, 2003: Reps Hess & Burling Susp Rules for Feb 21 Hearing, MA 2/3VV
  • February 21, 2003: Rescheduled Hearing Feb 21 11:00 RM302,LOB
  • March 14, 2003: Subcom Work Session Mar 14 1:15 RM302,LOB <Rep Fraser>
  • March 20, 2003: Maj Report OTP/AM for Mar 25 (Vote 11-4;Reg)
  • March 20, 2003: Min Report ITL
  • March 20, 2003: Prop Maj Am{0880}; HC26, p699
  • March 25, 2003: Maj Am, AA VV; Passed with Am DIV(239-104)
  • April 24, 2003: Introduced and Ref. to Public Affairs
  • May 14, 2003: Hearing; May 14, 2003, Room 105-A, SH, 9:30 a.m.; SC21
  • May 22, 2003: Committee Report; Ought to Pass [05/29/03]; SC24
  • May 29, 2003: Ought to Pass, MA, VV; OT3rdg
  • May 29, 2003: Passed by 3rd Reading Resolution
  • June 5, 2003: Enrolled
  • June 5, 2003: Enrolled
  • June 17, 2003: Signed by the Governor on 6/17/2003 Eff: 1/1/2004 Chap: 0143

Laws It Would Change

From the General Court