(a)There is within the bureau a Professional Fiduciaries Advisory Committee. The committee shall consist of seven members; three of whom shall be licensees actively engaged as professional fiduciaries in this state, and four of whom shall be public members. One of the public members shall be a member of a nonprofit organization advocating on behalf of the elderly, and one of the public members shall be a probate court investigator.
(b)The Governor shall appoint the member from a nonprofit organization advocating on behalf of the elderly, the probate court investigator, and the three licensees. The Senate Committee on Rules and the Speaker of the Assembly
shall each appoint a public member.
(c)Except as provided in paragraphs (1) and (2), each member of the committee shall be appoi
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(a)
There is within the bureau a Professional Fiduciaries Advisory Committee. The committee shall consist of seven members; three of whom shall be licensees actively engaged as professional fiduciaries in this state, and four of whom shall be public members. One of the public members shall be a member of a nonprofit organization advocating on behalf of the elderly, and one of the public members shall be a probate court investigator.
(b)
The Governor shall appoint the member from a nonprofit organization advocating on behalf of the elderly, the probate court investigator, and the three licensees. The Senate Committee on Rules and the Speaker of the Assembly
shall each appoint a public member.
(c)
Except as provided in paragraphs (1) and (2), each member of the committee shall be appointed for a term of four years, and shall hold office until the appointment of their successor or until one year shall have elapsed since the expiration of the term for which they were appointed, whichever first occurs.
(1)
Commencing January 1, 2027, the Governor shall appoint a licensee member and a public member from a nonprofit organization advocating on behalf of the elderly to a term of two years each. Commencing January 1, 2029, the Governor shall resume appointing these committee positions to four-year terms.
(2)
Commencing January 1, 2027, the Governor shall appoint a licensee
member and a probate court investigator to a term of three years each. Commencing January 1, 2030, the Governor shall resume appointing these committee positions to four-year terms.
(d)
Vacancies shall be filled by the appointing power for the unexpired portion of the terms in which they occur. A person shall not serve as a member of the committee for more than two consecutive terms.
(e)
Every member of the committee shall receive per diem and expenses as provided in Sections 103 and 113.
(f)
The committee shall do all of the following:
(1)
Examine the functions and policies of the bureau and make recommendations with respect to policies, practices, and regulations
as may be deemed important and necessary by the director or the chief to promote the interests of consumers or that otherwise promote the welfare of the public.
(2)
Consider and make appropriate recommendations to the bureau in any matter relating to professional fiduciaries in this state.
(3)
Provide assistance as may be requested by the bureau in the exercise of its powers or duties.
(4)
Meet at least once each quarter. All meetings of the committee shall be public meetings.
(g)
The bureau shall meet and consult with the committee regarding general policy issues related to professional fiduciaries.