senate Bill S888

Signed By Governor
2021-2022 Legislative Session

Relates to the statutory short form and other powers of attorney for purposes of financial and estate planning

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


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

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Actions

view actions (11)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Mar 25, 2021 signed chap.84
Mar 12, 2021 delivered to governor
Mar 10, 2021 returned to senate
passed assembly
Feb 23, 2021 ordered to third reading cal.103
substituted for a2353
Jan 20, 2021 referred to judiciary
delivered to assembly
passed senate
Jan 11, 2021 ordered to third reading cal.41
Jan 06, 2021 referred to rules

S888 (ACTIVE) - Details

See Assembly Version of this Bill:
A2353
Law Section:
General Obligations Law
Laws Affected:
Amd §§5-1501B, 5-1504 & 5-1513, Gen Ob L (as proposed in S.3923-a & A.5630-a)

S888 (ACTIVE) - Summary

Relates to the statutory short form and other powers of attorney for purposes of financial and estate planning.

S888 (ACTIVE) - Sponsor Memo

S888 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    888
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced  by  Sen. HOYLMAN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the general obligations law, in relation to the statuto-
   ry short form and other powers of attorney for purposes  of  financial
   and estate planning

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph (b) of subdivision 1 of section  5-1501B  of  the
 general  obligations  law,  as  amended by a chapter of the laws of 2020
 amending the general obligations law relating to reforming the statutory
 short form and other powers of attorney for purposes  of  financial  and
 estate  planning, as proposed in legislative bills numbers S. 3923-a and
 A. 5630-a, is amended to read as follows:
   (b) Be signed, initialed and dated by a principal with capacity, or in
 the name of such principal by another person, other than a person desig-
 nated as the principal's agent or successor agent,  in  the  principal's
 presence  and  at  the  principal's  direction,  in either case with the
 signature  of  the  person  signing  duly  acknowledged  in  the  manner
 prescribed  for  the acknowledgment of a conveyance of real property AND
 WITNESSED BY TWO PERSONS WHO ARE NOT NAMED IN THE INSTRUMENT  AS  AGENTS
 OR  AS  PERMISSIBLE  RECIPIENTS  OF  GIFTS,  IN  THE MANNER DESCRIBED IN
 SUBPARAGRAPH TWO OF PARAGRAPH (A) OF SECTION 3-2.1 OF THE ESTATE, POWERS
 AND TRUSTS LAW in the presence of the principal. THE  PERSON  WHO  TAKES
 THE  ACKNOWLEDGEMENT  UNDER  THIS PARAGRAPH MAY ALSO SERVE AS ONE OF THE
 WITNESSES. When a person signs at the direction of a principal he or she
 shall sign by writing or printing the principal's name, and printing and
 signing his or her own name.
   § 2. The section heading and subdivisions 1 and 3 of section 5-1504 of
 the general obligations law, as amended by a chapter of the laws of 2020
 amending the general obligations law relating to reforming the statutory
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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