Charitable Solicitations - As enacted, establishes a process to notify a charitable organization that it has been designated as a beneficiary in an instrument that provides for payment or transfer at death without probate; makes related changes. - Amends TCA Title 35 and Title 48.
Comp. became Pub. Ch. 741
Summary
The bill creates a notification process for charitable organizations that are named as beneficiaries in non‑probate instruments, such as payable‑on‑death accounts or trusts. It also mandates that any updates to the required information be sent to the Secretary of State within 72 hours, by mail or email. The changes aim to improve transparency and oversight of charitable beneficiary designations.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
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