Legislation
SECTION 2115
Review of costs of delegation by trustee 1
Surrogate's Court Procedure Act (SCP) CHAPTER 59-A, ARTICLE 21
§ 2115. Review of costs of delegation by trustee
1. At any time during the administration of a trust and irrespective
of the pendency of a particular proceeding, the court with jurisdiction
of the trust may review the reasonableness of the costs of a delegation
by the trustee under section 11-2.3 of the estates, powers and trusts
law and under section 554 of the not-for-profit corporation law.
2. A proceeding may be instituted by petition of the trustee or any
person interested in the trust. No accounting shall be required in such
proceeding.
3. The court shall grant such relief as it deems appropriate under the
circumstances.
4. The terms "trust" and "trustee" as used in this section are defined
in section 11-2.3 of the estates, powers and trusts law.
1. At any time during the administration of a trust and irrespective
of the pendency of a particular proceeding, the court with jurisdiction
of the trust may review the reasonableness of the costs of a delegation
by the trustee under section 11-2.3 of the estates, powers and trusts
law and under section 554 of the not-for-profit corporation law.
2. A proceeding may be instituted by petition of the trustee or any
person interested in the trust. No accounting shall be required in such
proceeding.
3. The court shall grant such relief as it deems appropriate under the
circumstances.
4. The terms "trust" and "trustee" as used in this section are defined
in section 11-2.3 of the estates, powers and trusts law.