Connecticut General Statutes 45a-573b – Liability of fiduciary, distributee or appointee re exercise of power of appointment of property
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No fiduciary, no distributee of an estate nor any appointee shall be liable to any other person for any action taken or benefit received before October 1, 1992, which concerns the construction of the power to appoint property to anyone other than the estate of the donee, provided such action was taken by such fiduciary or such benefit was received by such distributee or appointee in good faith.
Terms Used In Connecticut General Statutes 45a-573b
- Donee: The recipient of a gift.
- Fiduciary: A trustee, executor, or administrator.