N.Y. Estates, Powers & Trusts Law § 7-1.2: Trustee of passive trust not to take
Where this section sits in the code
- Estates, Powers & Trusts Law
- Article 7. Trusts
- Part 1. Rules Governing Trusts
§ 7-1.2 Trustee of passive trust not to take
Every disposition of property shall be made directly to the person in
whom the right to possession and income is intended to be vested and not
to another in trust for such person, and if made to any person in trust
for another, no estate, legal or equitable, vests in the trustee. But
neither this section nor 7-1.1 shall apply to trusts arising or
resulting by implicaiton of law.
Collected 2026-09-14T19:32:44Z. Source file · JSON