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NY S07144

Bill

Official Source

Status

Passed

8/11/2014

Primary Sponsor

John Bonacic

Click for details

Origin

Senate

2013-2014 General Assembly

AI Summary

  • Amends section 2-1.11(d)(5) of the Estates, Powers and Trusts Law to modify provisions regarding personal representatives renouncing property interests of decedents
  • Changes language from "when so authorized by" to "PROVIDED, HOWEVER, THAT THE PERSONAL REPRESENTATIVE MAY SEEK AUTHORIZATION FROM" the court having jurisdiction over the estate
  • Allows personal representatives to seek court authorization for renunciation of property interests rather than requiring prior authorization
  • Takes effect immediately upon enactment and applies to estates of decedents dying on or after the effective date

Legislative Description

Relates to renunciation of property interests.

Last Action

SIGNED CHAP.315

8/11/2014

Committee Referrals

Judiciary5/29/2014
Judiciary4/30/2014

Full Bill Text

No bill text available