Title 45a, Title 45a: Probate Courts and Procedure

Sec. 45a-204. (Formerly Sec. 45-89). Investments may be maintained as received. Trust funds received by executors, trustees, guardians or conservators may be kept invested in the securities received by them, unless it is otherwise ordered by the Court of Probate or unless the ins…

Sec. 45a-205. (Formerly Sec. 45-259). Fiduciary powers re increase in capital stock assets of estate. Whenever any fiduciary holds shares of the stock of any corporation as assets of the estate in his charge and there is an increase of the capital stock of any such corporation, s…

Sec. 45a-206. (Formerly Sec. 45-191). Right of foreign corporation to be executor or trustee. Requirements. Bond. (a) Any foreign corporation authorized by its charter to act as executor or trustee in the state where it is chartered, and named as executor or trustee by any reside…

Sec. 45a-207. (Formerly Sec. 45-193). Investments held by foreign corporation as executor or trustee; use of nominee. (a) Except as otherwise provided by this section, all investments held, as executor or testamentary trustee of the estate of any resident of this state or of any …

Sec. 45a-208. (Formerly Sec. 45-100q). Authorization to deposit securities in clearing corporation. (a) Notwithstanding any other provision of law, any fiduciary, as defined in subsection (a) of section 45a-233 and subdivision (2) of section 36a-365, holding securities in its fid…

Sec. 45a-209. Investments in securities of open-end or closed-end management investment companies or investment trusts. (a) Notwithstanding any other provision of law, in addition to investments otherwise permitted, any trustee or fiduciary, including a banking institution acting…

Secs. 45a-210 to 45a-213. Reserved for future use. PART II PRINCIPAL AND INCOME ACT

Secs. 45a-214 to 45a-227. (Formerly Secs. 45-350 to 45-363). Principal and Income Act, generally. Sections 45a-214 to 45a-227, inclusive, are repealed, effective January 1, 2000. (P.A. 87-440, S. 1–14; P.A. 95-316, S. 2; P.A. 99-164, S. 35, 36.)

Secs. 45a-228 to 45a-232. Reserved for future use. PART III* FIDUCIARY POWERS ACT *Annotations to former chapter 780b: Cited. 178 C. 42; 215 C. 553.

Sec. 45a-233. (Formerly Sec. 45-100d). Construction of statutes in this part. (a) Definitions. As used in sections 45a-233 to 45a-236, inclusive, (1) the term “fiduciary” means the one or more executors or administrators c.t.a. or administrators c.t.a., d.b.n. of the estate of a …

Sec. 45a-234. (Formerly Sec. 45-100e). Powers. Powers. The following powers may be incorporated by reference as provided in sections 45a-233 and 45a-236: (1) Retain Original Property. To retain for such time as the fiduciary shall deem advisable any property, real, personal or mi…

Sec. 45a-235. (Formerly Sec. 45-100f). Additional powers. Additional Powers. Any one or more or all of the following additional powers or any portion thereof may be incorporated by reference, as provided in subsection (a) of section 45a-233, but only to the extent they are indivi…

Sec. 45a-236. (Formerly Sec. 45-100g). Short title: Fiduciary Powers Act. Sections 45a-233 to 45a-236, inclusive, shall be known as the “Fiduciary Powers Act”. Any unqualified reference thereto by name or words of similar import shall be deemed to include all the powers listed in…

Secs. 45a-237 to 45a-241. Reserved for future use. PART IV REMOVAL, RESIGNATION OR DEATH OF FIDUCIARY.APPOINTMENT OF SUCCESSOR FIDUCIARY

Sec. 45a-242. (Formerly Sec. 45-263). Removal, resignation and replacement of fiduciary. (a) The Probate Court having jurisdiction may, upon its own motion or upon the petition of any person interested or of the surety upon the fiduciary's probate bond, after notice and hearing, …

Sec. 45a-243. (Formerly Sec. 45-264). Appeal from removal of fiduciary. Effect on successor fiduciary. (a) When any fiduciary has been removed by a court of probate, as provided in section 45a-242, the fiduciary may appeal from such order of removal in the manner provided in sect…

Sec. 45a-244. (Formerly Sec. 45-265). Enforcement of delivery of estate to successor. Any court of probate, after the removal of any fiduciary and the appointment of a successor fiduciary, may enforce the delivery to the successor fiduciary of any estate held by the former fiduci…

Sec. 45a-245. Removal of fiduciary. Closure for dormancy. In any case involving a conservatorship, guardianship of the estate or testamentary trust in which it appears to the court that the fiduciary has neglected or refused to complete such matter, and the appointment of a succe…

Sec. 45a-245a. Successor fiduciary substituted for corporate fiduciary. (a) As used in this section, “corporate fiduciary” means a bank, out-of-state bank, trust company, or any other corporate entity that is authorized to act as a fiduciary in this state, and “successor fiduciar…