Assembly Bill A6837

Signed By Governor
2011-2012 Legislative Session

Provides that the term "disposition" shall include succession to an interest occurring by operation of law by death of a joint tenant or tenant by the entirety

download bill text pdf

Sponsored By

Archive: Last Bill Status - 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2011-A6837 (ACTIVE) - Details

See Senate Version of this Bill:
S4584
Law Section:
Estates, Powers and Trusts Law
Laws Affected:
Amd §2-1.11, EPT L

2011-A6837 (ACTIVE) - Summary

Provides that the term "disposition" shall include succession to an interest occurring by operation of law by death of a joint tenant or tenant by the entirety.

2011-A6837 (ACTIVE) - Bill Text download pdf

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

                                  6837

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              April 5, 2011
                               ___________

Introduced  by  M.  of  A. LAVINE, WEINSTEIN, P. RIVERA, TITONE, WEPRIN,
  ZEBROWSKI, BRONSON, COLTON, COOK, JAFFEE, MARKEY, STEVENSON --  Multi-
  Sponsored  by  --  M.  of  A.   ABINANTI, WRIGHT -- (at request of the
  Office of Court Administration) --  read  once  and  referred  to  the
  Committee on Judiciary

AN  ACT  to amend the estates, powers and trusts law, in relation to the
  renunciation of interests in jointly held property

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

  Section  1.  Subparagraph  1 of paragraph (b) of section 2-1.11 of the
estates, powers and trusts law, as amended by chapter 27 of the laws  of
2010, is amended to read as follows:
  (1) The term "disposition" shall include a disposition created under a
will or trust agreement including, without limitation, the granting of a
power  of appointment, a disposition created by the exercise or nonexer-
cise of a power of appointment, a  distributive  share  under  4-1.1,  a
transfer  created  by  a  trust  account as defined in 7-5.1, a transfer
created by a life insurance or annuity contract,  a  transfer  resulting
from  the  creation  of  a  joint tenancy or tenancy by the entirety, [a
transfer created by] SUCCESSION TO AN INTEREST OCCURRING BY OPERATION OF
LAW ON the death of a joint tenant or tenant by the entirety, a transfer
under an employee  benefit  plan  (including,  without  limitation,  any
pension,  retirement, death benefit, stock bonus or profit-sharing plan,
system or trust), a transfer of a security to a beneficiary pursuant  to
part  4 of article 13 of this chapter, any other disposition or transfer
created by any testamentary or nontestamentary instrument, or by  opera-
tion  of law, and any of the foregoing created or increased by reason of
a renunciation made by another person.
  S 2. This act shall take effect immediately and shall apply to estates
of decedents dying on or after such date.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD09884-01-1

              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.