| PRINTER'S NO. 1903 |
THE GENERAL ASSEMBLY OF PENNSYLVANIA
HOUSE BILL
No. | 1462 | Session of 2013 |
INTRODUCED BY DELOZIER, JUNE 3, 2013
REFERRED TO COMMITEE ON JUDICIARY, JUNE 3, 2013
AN ACT
1Amending Title 20 (Decedents, Estates and Fiduciaries) of the
2Pennsylvania Consolidated Statutes, in Pennsylvania Uniform
3Transfers to Minors Act, further providing for court
4authorization of a transfer.
5The General Assembly of the Commonwealth of Pennsylvania
6hereby enacts as follows:
7Section 1. Section 5306(c)(3) of Title 20 of the
8Pennsylvania Consolidated Statutes is amended to read:
9§ 5306. Other transfer by fiduciary.
10* * *
11(c) Additional requirements for transfer.--A transfer under
12subsection (a) or (b) may be made only if:
13* * *
14(3) the transfer is authorized by the court if it
15exceeds [$25,000] $50,000 in value.
16Section 2. The amendment of 20 Pa.C.S. § 5306(c)(3) shall
17apply to transfers initiated on or after the effective date of
18this act.
19Section 3. This act shall take effect in 60 days.