Bill Text: NC S568 | 2011-2012 | Regular Session | Amended
Bill Title: Clarify Trusts as Beneficiaries in POD Accts
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2011-04-14 - Ref To Com On Judiciary I [S568 Detail]
Download: North_Carolina-2011-S568-Amended.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
S 1
SENATE BILL 568
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Short Title: Clarify Trusts as Beneficiaries in POD Accts. |
(Public) |
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Sponsors: |
Senator Brunstetter. |
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Referred to: |
Judiciary I. |
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April 14, 2011
A BILL TO BE ENTITLED
AN ACT to clarify that trusts may be beneficiaries of payable on death accounts.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 53‑146.2 is amended by adding a new subsection to read:
"(e) When referring to beneficiaries in this section, the term "person" includes an individual or corporate trustee of a trust."
SECTION 2. G.S. 54‑109.57 is amended by adding a new subsection to read:
"(e) When referring to beneficiaries in this section, the term "person" includes an individual or corporate trustee of a trust."
SECTION 3. G.S. 54B‑130 is amended by adding a new subsection to read:
"(e) When referring to beneficiaries in this section, the term "person" includes an individual or corporate trustee of a trust."
SECTION 4. G.S. 54C‑166 is amended by adding a new subsection to read:
"(e) When referring to beneficiaries in this section, the term "person" includes an individual or corporate trustee of a trust."
SECTION 5. This act is effective when it becomes law and applies to all payable on demand accounts opened before or after the effective date of this act.
