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.
CLARIFY TRUSTS AS BENEFICIARIES IN POD ACCTS.
|View NCGA Bill Details||2011-2012 Session|
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)
Tue, 12 Apr 2011 Senate: Filed
Thu, 14 Apr 2011 Senate: Passed 1st Reading
Thu, 14 Apr 2011 Senate: Ref To Com On Judiciary I
Bill S 568 (2011-2012)Summary date: Apr 12 2011 - View Summary