Bill Summary for S 50 (2021-2022)

Summary date: 

Feb 23 2021

Bill Information:

View NCGA Bill Details2021
Senate Bill 50 (Public) Filed Wednesday, February 3, 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. 

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