2006 New York Code - Fiduciary



 
                                 ARTICLE 11
 
          FIDUCIARY: POWERS, DUTIES AND LIMITATIONS; ACTIONS BY OR
             AGAINST IN REPRESENTATIVE OR INDIVIDUAL CAPACITIES
 
             PART 1. FIDUCIARIES: POWERS, DUTIES AND LIMITATIONS
 
  Section 11-1.1    Fiduciaries' powers.
          11-1.2    Tax elections by personal representatives.
          11-1.3    Power and duty of executor before probate.
          11-1.4    Validity  of  execution  of power to sell, mortgage or
                      lease real property  by  less  than  all  qualifying
                      executors.
          11-1.5    Payment  of  testamentary dispositions or distributive
                      shares.
          11-1.6    Property held as fiduciary to be kept separate.
          11-1.7    Limitations on powers and immunities of executors  and
                      testamentary trustees.
          11-1.8    Power  of  fiduciary  or  custodian  for  fiduciary to
                      deposit  United   States   government   and   agency
                      securities with a federal reserve bank.
          11-1.9    Power  of Fiduciary or Custodian to Deposit Securities
                      in a Central Depository.
          11-1.10   Power  of  fiduciary  to  employ  a  broker-dealer  as
                      custodian
          11-1.11   Limited  power of fiduciary to amend trust for certain
                      tax purposes.
 
                     PART 2. INVESTMENTS BY FIDUCIARIES:
                     POWERS AND DUTIES RELATING THERETO
 
  Section 11-2.1    Principal and income.
          11-2.2    Power to invest.
          11-2.3    Prudent investor act.
          11-2.3-A  Judicial control with respect to fiduciary's power  to
                      adjust
          11-2.4    Optional unitrust provision.
 
           PART 3. ACTIONS BY OR AGAINST PERSONAL REPRESENTATIVES
 
  Section 11-3.1    Actions.
          11-3.2    Action  for  injury  to  person  or  property survives
                      despite death of person in whose  favor  or  against
                      whom cause of action existed.
          11-3.3    Limitations upon recovery where injury causes death.
          11-3.4    Action by representative of representative.
 
             PART 4. PROCEDURAL ASPECTS OF ACTIONS BY OR AGAINST
                          PERSONAL REPRESENTATIVES
 
  Section 11-4.1    How to sue or be sued.
          11-4.2    When  personal and representative causes of action may
                      be joined.
          11-4.3    Separate dockets and executions.
          11-4.4    Commencement    of     action     against     personal
                      representatives;  rule  when some of representatives
                      not served.
          11-4.5    Want  of  assets  not  to  be  pleaded   by   personal
                      representative.
          11-4.6    Leave    to    issue    execution   against   personal
                      representative; how  procured;  order  and  contents
                      thereof; security before order granted; execution on
                      judgment recovered by predecessor representative.
          11-4.7    Liability  of  the  personal representative for claims
                      arising out of the administration of the estate.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.