New York S 9468: Relates to the administration of dormant lot-specific cemetery trusts

Bill Text

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S09468 Summary:

BILL NOS09468A

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SAME ASSAME AS A11286

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SPONSORFAHY

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COSPNSR

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MLTSPNSR

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Amd §1507, N-PC L; amd §8-1.5, EPT L

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Requires biennial disclosure by trustees or executors of amounts in trust for the perpetual care of cemetery lots to a cemetery association.

Go to top S09468 Actions:

BILL NOS09468A

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03/16/2026REFERRED TO CORPORATIONS, AUTHORITIES AND COMMISSIONS

05/19/20261ST REPORT CAL.1228

05/20/20262ND REPORT CAL.

05/21/2026ADVANCED TO THIRD READING 

06/01/2026AMENDED ON THIRD READING (T) 9468A

06/05/2026COMMITTED TO RULES

Go to topS09468 Committee&nbspVotes:

Go to topS09468 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09468 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9468--A
 Cal. No. 1228

 IN SENATE

 March 16, 2026
 ___________

 Introduced by Sen. FAHY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Corporations, Authorities
 and Commissions -- reported favorably from said committee, ordered to
 first and second report, ordered to a third reading, amended and
 ordered reprinted, retaining its place in the order of third reading

 AN ACT to amend the not-for-profit corporation law and the estates,
 powers and trusts law, in relation to perpetual care of cemeteries

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Paragraph (b) of section 1507 of the not-for-profit corpo-
 2 ration law is amended by adding a new subparagraph 4 to read as follows:
 3 (4) In those instances where such funds have any executor or execu-
 4 tors, or trustee or trustees, under a last will and testament to whom
 5 there has heretofore been, or may hereafter be, bequeathed a sum for the
 6 perpetual care of any lot, plot or part thereof, such executor or execu-
 7 tors, or trustee or trustees shall disclose at least biennially, the
 8 balance of funds in any such trust estate to the cemetery association
 9 for which such trust is dedicated until such time as the surrogate's
 10 court having jurisdiction over such trust estate shall approve an agree-
 11 ment under subparagraph three of this paragraph.
 12 § 2. Section 8-1.5 of the estates, powers and trusts law, as renum-
 13 bered by chapter 686 of the laws of 1967, is amended to read as follows:
 14 § 8-1.5 Trusts for cemetery purposes
 15 Dispositions of property in trust for the purpose of the perpetual
 16 care, maintenance, improvement or embellishment of cemeteries or private
 17 burial lots in cemeteries, and the roadways, lawns, hedges, walks, fenc-
 18 es, monuments, structures and tombs in such cemeteries or on such
 19 private burial lots are permitted and shall be deemed to be for charita-
 20 ble and benevolent purposes. Such dispositions are not invalid by reason
 21 of any indefiniteness or uncertainty of the persons designated as bene-
 22 ficiaries, nor shall they be invalid as violating any existing rule
 23 against perpetuities. Nothing herein contained shall affect any existing
 24 authority of the courts to determine the reasonableness of the amount of
 25 such disposition. All such dispositions shall be disclosed to a desig-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15191-02-6

 S. 9468--A 2

 1 nated cemetery association within sixty days of their establishment.
 2 For all existing dispositions not held or administered by a cemetery
 3 association, made prior to December thirty-first two thousand twenty-
 4 six, such disclosures shall be made to the designated cemetery associ-
 5 ation by December thirty-first, two thousand twenty-seven. Any cemetery
 6 association may act as trustee of and execute any such trust with
 7 respect to lots, roadways, lawns, hedges, walks, fences, monuments,
 8 structures and tombs both within its own cemetery limits and outside of
 9 any cemetery under its control but within the county where such cemetery
 10 is located, whether or not such power is included among its corporate
 11 powers. Any trustee of such funds which is not a cemetery association,
 12 shall disclose at least biennially, the balance of funds in any such
 13 tru