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NC S568
Bill
Status
Introduced
4/12/2011
Primary Sponsor
Peter Brunstetter
Click for details
AI Summary
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Amends G.S. 53-146.2, 54-109.57, 54B-130, and 54C-166 to clarify that trusts may serve as beneficiaries of payable on death (POD) accounts.
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Defines "person" in payable on death account provisions to include individual or corporate trustees of trusts.
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Applies retroactively to all payable on death accounts opened before or after the bill's effective date.
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Effective when the bill becomes law.
Legislative Description
Clarify Trusts as Beneficiaries in POD Accts
Last Action
Ref To Com On Judiciary I
4/14/2011
Committee Referrals
Judiciary I4/14/2011
Full Bill Text
No bill text available