senate Bill S4584

Signed By Governor
2011-2012 Legislative Session

Provides that the term "disposition" shall include succession to an interest occurring by operation of law by death of a joint tenant or tenant by the entirety

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A6837 -

  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Aug 03, 2011 signed chap.285
Jul 22, 2011 delivered to governor
Jun 02, 2011 returned to assembly
passed senate
3rd reading cal.742
substituted for s4584
Jun 02, 2011 substituted by a6837
May 23, 2011 advanced to third reading
May 18, 2011 2nd report cal.
May 17, 2011 1st report cal.742
Apr 13, 2011 referred to judiciary

S4584 - Details

See Assembly Version of this Bill:
Law Section:
Estates, Powers and Trusts Law
Laws Affected:
Amd §2-1.11, EPT L

S4584 - Summary

Provides that the term "disposition" shall include succession to an interest occurring by operation of law by death of a joint tenant or tenant by the entirety.

S4584 - Sponsor Memo

S4584 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K


                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             April 13, 2011

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 the estates, powers and trusts law, in relation to the
  renunciation of interests in jointly held property


  Section  1.  Subparagraph  1 of paragraph (b) of section 2-1.11 of the
estates, powers and trusts law, as amended by chapter 27 of the laws  of
2010, is amended to read as follows:
  (1) The term "disposition" shall include a disposition created under a
will or trust agreement including, without limitation, the granting of a
power  of appointment, a disposition created by the exercise or nonexer-
cise of a power of appointment, a  distributive  share  under  4-1.1,  a
transfer  created  by  a  trust  account as defined in 7-5.1, a transfer
created by a life insurance or annuity contract,  a  transfer  resulting
from  the  creation  of  a  joint tenancy or tenancy by the entirety, [a
LAW ON the death of a joint tenant or tenant by the entirety, a transfer
under an employee  benefit  plan  (including,  without  limitation,  any
pension,  retirement, death benefit, stock bonus or profit-sharing plan,
system or trust), a transfer of a security to a beneficiary pursuant  to
part  4 of article 13 of this chapter, any other disposition or transfer
created by any testamentary or nontestamentary instrument, or by  opera-
tion  of law, and any of the foregoing created or increased by reason of
a renunciation made by another person.
  S 2. This act shall take effect immediately and shall apply to estates
of decedents dying on or after such date.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.


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