Bill Summary for S 50 (2021-2022)
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Summary date:
Feb 23 2021
Bill Information:
View NCGA Bill Details | 2021 |
AN ACT TO MAKE VARIOUS CHANGES TO THE GENERAL STATUTES REGARDING ESTATES AND TRUSTS.Intro. by Daniel, Galey.
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Bill summary
Senate committee substitute amends the 1st edition as follows.
Adds to the effective date provisions in Part VI of the act. Specifies that Section 4.1, amending GS 31D-2-201, applies to powers of appointment created on or after the date the act becomes law. Specifies that Section 4.2, amending GS 31D-3-305, applies to the exercise, on or after the date the act becomes law, of powers of appointment created before, on, or after the date the act becomes law.