Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 3-4.5 — Insurance proceeds from specific disposition not subject to
N.Y. Est. Powers & Trusts Law § 3-4.5
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 3-4.5 Insurance proceeds from specific disposition not subject to
Citator
N.Y. Est. Powers & Trusts Law § 3-4.5 — Insurance proceeds from specific disposition not subject to is in force in the current edition of the Code, and nothing recorded condemns it.
§ 3-4.5 Insurance proceeds from specific disposition not subject to
ademption
Where insurance proceeds from property which was the subject of a specific disposition are paid after the testator's death, such proceeds, to the extent received by the personal representative, are payable by him to the beneficiary of such disposition; and such proceeds retain the character of a specific disposition for all other purposes, including 12-1.2 and 13-1.3.