N.Y. Real Property Actions & Proceedings Law § 1753: Effect of disposition

§ 1753. Effect of disposition. A deed, mortgage, release or lease

made in good faith, as prescribed in this article, upon an application

in behalf of an infant, incompetent person or conservatee, has the same

validity and effect as if executed by the person in whose behalf it was

executed, and as if the infant were of full age or the incompetent

person or conservatee were of sound mind and competent to manage his

affairs. It shall be valid and effectual to vest in any purchaser an

interest of an infant not in being at the time of the said sale, and any

mortgage so executed shall be a valid lien and charge upon the

contingent interest of an infant not in being at the time of the

execution and delivery of the same. A release of an inchoate right to

dower as authorized by this article shall have the same effect as if the

wife had joined with the husband in a deed or conveyance of the property

affected thereby and had duly acknowledged the same in the manner

required by law to pass the estate of married women. The failure to

conduct the proceeding strictly in accordance with the provisions of

this article shall not invalidate the disposition if the interests of

the infant, incompetent person or conservatee have not been prejudiced.