N.Y. Estates, Powers & Trusts Law § 9-1.4: Acquisition of real property by foreign trust

§ 9-1.4 Acquisition of real property by foreign trust

Where real property situated in this state is acquired by a trust

validly created under the law of another jurisdiction, whether there is

a violation of the rule against perpetuities and whether a direction for

the accumulation of rents and profits is valid are determined by the law

of this state in effect at the time of the acquisition of such property.