Senate Bill S3789

Signed By Governor
2013-2014 Legislative Session

Relates to the effectiveness of the exercise of a power of appointment and an authorized trustee's authority to invade trust principal

download bill text pdf

Sponsored By

Archive: Last Bill Status Via A4061 - 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

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2013-S3789 (ACTIVE) - Details

See Assembly Version of this Bill:
A4061
Law Section:
Estates, Powers and Trusts
Laws Affected:
Amd ยง3, Chap 451 of 2011
Versions Introduced in 2011-2012 Legislative Session:
S7630

2013-S3789 (ACTIVE) - Summary

Relates to the effectiveness of exercise of a power of appointment and an authorized trustee's authority to invade trust principal.

2013-S3789 (ACTIVE) - Sponsor Memo

2013-S3789 (ACTIVE) - Bill Text download pdf 

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

                                  3789

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                            February 15, 2013
                               ___________

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 chapter 451 of the laws of 2011, amending the estates,
  powers and trusts law relating to the exercise of a power of  appoint-
  ment  and an authorized trustee's authority to invade trust principal,
  in relation to the effectiveness thereof

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section 3 of chapter 451 of the laws of 2011 amending the
estates, powers and trusts law relating to the exercise of  a  power  of
appointment  and an authorized trustee's authority to invade trust prin-
cipal is amended to read as follows:
  S 3. This act shall take effect immediately and shall apply to  trusts
whether created prior to, ON, or after such effective date.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03052-01-3

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