Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 20, 2015 |
signed chap.441 |
Nov 10, 2015 |
delivered to governor |
Jun 15, 2015 |
returned to assembly passed senate substituted for s5191 |
Apr 22, 2015 |
referred to judiciary delivered to senate passed assembly |
Mar 27, 2015 |
advanced to third reading cal.161 |
Mar 24, 2015 |
reported |
Mar 19, 2015 |
referred to judiciary |
Assembly Bill A6263
Signed By Governor2015-2016 Legislative Session
Sponsored By
BRAUNSTEIN
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
co-Sponsors
Helene Weinstein
2015-A6263 (ACTIVE) - Details
2015-A6263 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6263 2015-2016 Regular Sessions I N A S S E M B L Y March 19, 2015 ___________ Introduced by M. of A. BRAUNSTEIN, WEINSTEIN -- (at request of the Office of Court Administration) -- read once and referred to the Committee on Judiciary AN ACT to amend the estates, powers and trusts law, in relation to a trustee's authority to recant the invasion of a trust and the creation of a new trust THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The opening paragraph and subparagraph 6 of paragraph (j) of section 10-6.6 of the estates, powers and trusts law, the opening paragraph as added by chapter 451 of the laws of 2011 and subparagraph 6 as amended by chapter 482 of the laws of 2013, are amended and a new subparagraph 7 is added to read as follows: The exercise of the power to appoint to an appointed trust under para- graph (b) or (c) of this section shall be evidenced by an instrument in writing, signed, dated and acknowledged by the authorized trustee. The exercise of the power shall be effective thirty days after the date of service of the instrument as specified in subparagraph (2) of this para- graph, unless the persons entitled to notice consent in writing to a sooner effective date. THE EXERCISE OF THE POWER IS IRREVOCABLE ON SUCH EFFECTIVE DATE, EITHER THIRTY DAYS FOLLOWING SERVICE OF THE NOTICE OR THE EFFECTIVE DATE AS SET FORTH IN THE WRITTEN CONSENT. (6) A copy of the instrument exercising the power shall be kept with the records of the invaded trust and, WITHIN TWENTY DAYS OF THE EFFEC- TIVE DATE, the original shall be filed in the court having jurisdiction over the invaded trust. Where a trustee of an inter vivos trust exer- cises the power and the trust has not been the subject of a proceeding in the surrogate's court, no filing is required. The instrument shall state that in certain circumstances the appointment will begin the running of the statute of limitations that will preclude persons inter- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09957-01-5
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