New York Estates, Powers and Trusts Code § 7-5.8

Application
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§ 7-5.8 Application\n  This part shall apply to all funds in trust accounts, as defined in\nparagraph (d) of section 7-5.1, which are in existence on its effective\ndate, except that its provisions shall not impair or defeat any rights\nwhich have accrued prior to such date.\n

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