{"jurisdiction": "us-ny", "code": "scpa", "section": "2306", "citation": "SCPA § 2306", "heading": "Annual statements to be furnished to beneficiaries Any trustee, donee of a power during minority or donee of a power in trust who is not ...", "text": ["§ 2306. Annual statements to be furnished to beneficiaries", "Any trustee, donee of a power during minority or donee of a power in trust who is not required to furnish annual statements under either 2308 or 2309 because he or she has not retained annual commissions shall nevertheless be required to furnish the annual statements referred to in those sections to any beneficiary receiving income or any person interested in the principal of the trust who shall request such statements, or in the case of a power during minority or of a power in trust, to the beneficiary of the power in trust, or to a person to whom a payment not exceeding $10,000 could be made under subdivision 1 of section 2220 of this chapter."], "official_source": "https://www.nysenate.gov/legislation/laws/SCP/2306", "from_official_api": true, "plain_english": "A trustee or power-holder who does not have to give annual statements under §§ 2308 or 2309, because they **kept no annual commissions**, must still give those statements **on request**. ★\n- A **trustee** must furnish them to any **income beneficiary** or anyone **interested in the principal** who asks.\n- A **donee of a power during minority** or **of a power in trust** must furnish them to the **beneficiary of the power**, or to a person to whom a payment of **not more than $10,000** could be made under subdivision 1 of § 2220. ★", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/scpa/2306", "publisher": "Elyphived LLC"}