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This entry was published on 2014-09-22
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SECTION 13-3.4
Payment or delivery of property to foreign fiduciaries
Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 13, PART 3
§ 13-3.4 Payment or delivery of property to foreign fiduciaries

(a) Whenever any foreign fiduciary, by whatever title he is
designated, of the property or estate of a non-domiciliary infant,
incompetent or decedent is authorized, by the laws of the foreign
jurisdiction where the infant or incompetent is domiciled or the
decedent was domiciled, to receive any personal property in the
possession or control of any person or fiduciary in this state, such
person or fiduciary may pay or deliver the property to such foreign
fiduciary without an order of the court, and the receipt and acquittance
from such foreign fiduciary is a sufficient release and discharge of the
person or fiduciary paying or delivering such property. For purposes of
this section the status of a person as an "infant" or "incompetent"
shall be determined by the law of his domicile.

(b) No person or fiduciary shall be released and discharged, as
provided in paragraph (a), who:

(1) Has received written notice of the appointment, in this state, of
a principal or ancillary representative of the property or estate, or of
the existence of creditors, in this state, of such infant, incompetent
or decedent.

(2) In the case of a testamentary disposition or a distributive share
of a decedent's estate, has reason to believe that such foreign
fiduciary or the persons whom he represents would not have the benefit,
use or control of such disposition or distributive share.