§ 2221 — Payment of legacy or distributive share to foreign fiduciary 1

New York § 2221

• Jurisdiction: New York
• Law SCP: Surrogate's Court Procedure
• Art. 22: Accounting

Text

§ 2221. Payment of legacy or distributive share to foreign fiduciary\n 1. Where a beneficiary of an estate is entitled to money or property\nwithin the jurisdiction of the court and such beneficiary is a\nnon-domiciliary infant, incompetent, conservatee or decedent, payment\nor delivery thereof may be directed by the court to the fiduciary,\ncommittee or conservator, by whatever title such foreign fiduciary may\nbe designated, of the property or estate of the non-domiciliary infant,\nincompetent, conservatee or decedent, upon proof satisfactory to the\ncourt that the foreign fiduciary is entitled to receive such money or\nproperty in accordance with the terms and conditions of EPTL 13-3.4 and\nthat the fiduciary, committee or conservator has filed at the domicile\nsecurity sufficient to cover such payment or delivery or that no\nsecurity is required at the domicile of the beneficiary. In the case of\na deceased beneficiary there shall be submitted proof that he has no\nknown creditors within this state.\n 2. The court may direct such payment or delivery in a decree\njudicially settling the account of a fiduciary or in an order entered\nupon the application of the fiduciary holding such money or property for\ndistribution or of the foreign fiduciary, committee or conservator.\n