Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jun 01, 2022 |
returned to assembly passed senate 3rd reading cal.1816 substituted for s8892 |
May 03, 2022 |
referred to judiciary delivered to senate passed assembly |
Apr 28, 2022 |
advanced to third reading cal.531 |
Apr 26, 2022 |
reported |
Jan 05, 2022 |
referred to judiciary |
Feb 04, 2021 |
referred to judiciary |
Assembly Bill A4601
2021-2022 Legislative Session
Sponsored By
BARNWELL
Archive: Last Bill Status - Passed Senate & Assembly
- 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
Marjorie Byrnes
Michael Montesano
2021-A4601 (ACTIVE) - Details
2021-A4601 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4601 2021-2022 Regular Sessions I N A S S E M B L Y February 4, 2021 ___________ Introduced by M. of A. BARNWELL -- read once and referred to the Commit- tee on Judiciary AN ACT to amend the general obligations law, in relation to requiring principals and beneficiaries to notify co-trustees and co-beneficiar- ies of the signing of a power of attorney THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The general obligations law is amended by adding a new section 5-1515 to read as follows: § 5-1515. DUTY TO NOTIFY OTHER TRUSTEES AND BENEFICIARIES. 1. WHEN A PRINCIPAL, WHO IS A TRUSTEE OF A TRUST, SIGNS A POWER OF ATTORNEY WHICH ALLOWS THE AGENT TO AFFECT SUCH TRUST AND THE AGENT IS NOT A CO-TRUSTEE OF SUCH TRUST, THE PRINCIPAL SHALL NOTIFY IN WRITING ALL OTHER CO-TRUS- TEES OF THE SIGNING OF A POWER OF ATTORNEY AND IDENTIFY THE PERSON ASSIGNED AS THE PRINCIPAL'S AGENT. 2. WHEN A PRINCIPAL, WHO IS A BENEFICIARY OF A TRUST, SIGNS A POWER OF ATTORNEY AND THE AGENT IS NOT A CO-BENEFICIARY OF SUCH TRUST, THE PRIN- CIPAL SHALL NOTIFY IN WRITING ALL OTHER CO-BENEFICIARIES OF THE SIGNING OF A POWER OF ATTORNEY AND IDENTIFY THE PERSON ASSIGNED AS THE PRINCI- PAL'S AGENT. § 2. This act shall take effect on the thirtieth day after it shall have become a law. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06912-01-1
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