CLARIFY TRUSTS AS BENEFICIARIES IN POD ACCTS.

View NCGA Bill Details2011-2012 Session
Senate Bill 568 (Public) Filed Tuesday, April 12, 2011
TO CLARIFY THAT TRUSTS MAY BE BENEFICIARIES OF PAYABLE ON DEATH ACCOUNTS.
Intro. by Brunstetter.

Status: Ref To Com On Judiciary I (Senate Action) (Apr 14 2011)
S 568

Bill Summaries:

  • Summary date: Apr 12 2011 - More information

    Amends the following statutes to provide as title indicates, by adding that the term “person” includes an individual or corporate trustee of a trust when referring to beneficiaries: GS 53-146.2 (banks); GS 54-109.57 (credit unions); GS 54B-130 (savings and loan associations); and GS 54C-166 (savings banks). Applies to all payable on demand accounts opened before or after the date the act becomes law.


Printer-friendly: Click to view