Bill Summaries: S568 CLARIFY TRUSTS AS BENEFICIARIES IN POD ACCTS.

Tracking:
  • 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.


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