Clarifies and declares as the existing law of the state of New York the provisions of rules relating to the lapse of a power of withdrawal over the income or principal of a trust.
Requires principals to make a good faith effort to identify and notify co-trustees and co-beneficiaries of the signing of a power of attorney including the identity of the agent where the agent is not a co-trustee or co-beneficiary.
Enacts the "public power democracy act"; increases the number of trustees on the power authority of the state of New York from seven to seventeen; authorizes termination of a trustee.
Enacts the "public power democracy act"; increases the number of trustees on the power authority of the state of New York from seven to seventeen; authorizes termination of a trustee.
Clarifies that the New York state health insurance program remains subject to certain provisions of the financial services law and coverage for usual and customary costs for out-of-network health care service.
Extends certain provisions relating to authorizing New York city marshals to exercise the same functions, powers and duties as sheriffs with respect to the execution of money judgments of the supreme and family courts of the city of New York; extends certain provisions of law relating to requiring New York city marshals to post and electronically file notices of eviction.