N.Y. Estates, Powers & Trusts Law § 7-1.1: When trust interests not to merge

§ 7-1.1 When trust interests not to merge

A trust is not merged or invalid because a person, including but not

limited to the creator of the trust, is or may become the sole trustee

and the sole holder of the present beneficial interest therein, provided

that one or more other persons hold a beneficial interest therein,

whether such interest be vested or contingent, present or future, and

whether created by express provision of the instrument or as a result of

reversion to the creator's estate.