S T A T E O F N E W Y O R K
2013-2014 Regular Sessions
I N S E N A T E
February 15, 2013
Introduced by Sen. BONACIC -- (at request of the Office of Court Admin-
istration) -- read twice and ordered printed, and when printed to be
committed to the Committee on Judiciary
AN ACT to amend chapter 451 of the laws of 2011, amending the estates,
powers and trusts law relating to the exercise of a power of appoint-
ment and an authorized trustee's authority to invade trust principal,
in relation to the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 3 of chapter 451 of the laws of 2011 amending the
estates, powers and trusts law relating to the exercise of a power of
appointment and an authorized trustee's authority to invade trust prin-
cipal is amended to read as follows:
S 3. This act shall take effect immediately and shall apply to trusts
whether created prior to, ON, or after such effective date.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.