If a fiduciary is permitted to submit a financial report in lieu of an account pursuant to rules of procedure adopted under section 45a-78 and the Probate Court approves the financial report, the Probate Court may enter a decree releasing the fiduciary and the sureties on the fiduciary's bond, if any, from any further liability with respect to all items shown on the financial report.

(P.A. 77-29; P.A. 80-476, S. 87; P.A. 83-520, S. 8; P.A. 93-68; P.A. 98-219, S. 23; P.A. 13-81, S. 2.)

History: P.A. 80-476 made minor changes in wording but no substantive changes; P.A. 83-520 permitted fiduciary to file statement in lieu of accounting whenever multiple fiduciaries of estate are the only beneficiaries and all dispositions to other beneficiaries are specific bequests, except in the case where any beneficiary is trustee of testamentary or inter vivos trust, and added procedure re filing receipts of beneficiaries of specific bequests; Sec. 45-267a transferred to Sec. 45a-176 in 1991; P.A. 93-68 divided section into Subsecs. and added provision re bequests of personal property or an amount certain or devises of specific real property; P.A. 98-219 revised section permitting statement in lieu of accounting if any fiduciary is one of beneficiaries; P.A. 13-81 replaced former provisions with provisions re fiduciary permitted to submit a financial report in lieu of an account under rules of procedure and release of liability upon court's approval of financial report and entering of decree, effective July 1, 2013.