Bill Text: NY A04061 | 2013-2014 | General Assembly | Introduced
Bill Title: Relates to the effectiveness of exercise of a power of appointment and an authorized trustee's authority to invade trust principal.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Passed) 2013-10-23 - signed chap.432 [A04061 Detail]
Download: New_York-2013-A04061-Introduced.html
S T A T E O F N E W Y O R K
________________________________________________________________________
4061
2013-2014 Regular Sessions
I N A S S E M B L Y
January 30, 2013
___________
Introduced by M. of A. WEINSTEIN -- (at request of the Office of Court
Administration) -- read once and referred to the Committee on Judici-
ary
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:
1 Section 1. Section 3 of chapter 451 of the laws of 2011 amending the
2 estates, powers and trusts law relating to the exercise of a power of
3 appointment and an authorized trustee's authority to invade trust prin-
4 cipal is amended to read as follows:
5 S 3. This act shall take effect immediately and shall apply to trusts
6 whether created prior to, ON, or after such effective date.
7 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
