New York Estates, Powers and Trusts Code § 7-1.2

Trustee of passive trust not to take
Open in Lexace · Ask the AI about this section
§ 7-1.2 Trustee of passive trust not to take\n  Every disposition of property shall be made directly to the person in\nwhom the right to possession and income is intended to be vested and not\nto another in trust for such person, and if made to any person in trust\nfor another, no estate, legal or equitable, vests in the trustee. But\nneither this section nor 7-1.1 shall apply to trusts arising or\nresulting by implicaiton of law.\n

‹ Prev All New York sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.