N.Y. SCP Law § 2115
This is the official text of N.Y. SCP Law § 2115, part of New York’s SCP Law — part of the compiled statutory law of New York, published by the state as "SCP Law." Browse the sections below, each linked to its official government source.
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Review of costs of delegation by trustee 1
Official statutory text
§ 2115. Review of costs of delegation by trustee\n 1. At any time during the administration of a trust and irrespective\nof the pendency of a particular proceeding, the court with jurisdiction\nof the trust may review the reasonableness of the costs of a delegation\nby the trustee under section 11-2.3 of the estates, powers and trusts\nlaw and under section 554 of the not-for-profit corporation law.\n 2. A proceeding may be instituted by petition of the trustee or any\nperson interested in the trust. No accounting shall be required in such\nproceeding.\n 3. The court shall grant such relief as it deems appropriate under the\ncircumstances.\n 4. The terms "trust" and "trustee" as used in this section are defined\nin section 11-2.3 of the estates, powers and trusts law.\n
Status: in_force · Read it on the official government site
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