Title: S.L. 1965-1188
Category: Introduced Bill
Keywords: Bill ?

NORTH CAROLINA GENERAL ASSEMBLY
1965 SESSION

CHAPTER 1188
SENATE BILL 613

AN ACT TO AMEND CHAPTER 629, SESSION LAWS OF 1965, RELATING TO THE TREATMENT OF CORPORATE DISTRIBUTIONS BY FIDUCIARIES AS PRINCIPAL AND AS INCOME.

The General Assembly of North Carolina do enact:
Section 1.  Chapter 629, Session Laws of 1965, is hereby amended by adding a new Section immediately following Section 1 to be designated as Section 1.1 and to read as follows: "Sec. 1.1.  This Act shall apply to trusts created and to wills of persons dying after its ratification."
Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 3.  This Act shall be in full force and effect on and after its ratification.
In the General Assembly read three times and ratified, this the 17th day of June, 1965.