{"data":{"id":"us-ny/n.y.-estates-powers-trusts-law-9-1.7","jurisdiction":"us-ny","citation":"N.Y. Estates, Powers \u0026 Trusts Law § 9-1.7","heading":"Trust for self-employed individuals and others","body":"§ 9-1.7 Trust for self-employed individuals and others\n  No trust created under a retirement plan, which is exempt from federal\nincome taxation under the laws of the United States, is invalid as\nviolating the rule against perpetuities or the rules governing the\naccumulation of income.  Such a trust may continue for such time as may\nbe necessary to accomplish the purposes for which it is created; may\npermit the accumulation of income until such time as the income is\ndistributed to the beneficiaries under the terms of the trust; and may,\naccording to its terms, be made irrevocable and the interest of its\nbeneficiaries nontransferable by assignment or otherwise.  A trust so\nmade irrevocable is not subject to revocation upon the written consent\nof its beneficiaries as provided in 7-1.9.","path":["Estates, Powers \u0026 Trusts Law","Article 9. Perpetuities and Accumulations","Part 1. Perpetuities"],"source_url":"https://legislation.nysenate.gov/api/3/laws/EPT/9-1.7","current_through":"2026-09-11","vintage":"","retrieved_at":"2026-09-14T19:32:44Z","sha256":"2fff412a4f5cdefac4572f3284daa936e901ee2b40fcb6680f6310296a0caeb6","source_id":"us-ny","stale":false,"prev":"us-ny/n.y.-estates-powers-trusts-law-9-1.6","next":"us-ny/n.y.-estates-powers-trusts-law-9-1.8"},"notice":"GroundRules: Original legal text. Not legal advice."}