Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 7-1.1 — When trust interests not to merge
N.Y. Est. Powers & Trusts Law § 7-1.1
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 7-1.1 When trust interests not to merge
Citator
N.Y. Est. Powers & Trusts Law § 7-1.1 — When trust interests not to merge is in force in the current edition of the Code, and nothing recorded condemns it.
§ 7-1.1 When trust interests not to merge
A trust is not merged or invalid because a person, including but not limited to the creator of the trust, is or may become the sole trustee and the sole holder of the present beneficial interest therein, provided that one or more other persons hold a beneficial interest therein, whether such interest be vested or contingent, present or future, and whether created by express provision of the instrument or as a result of reversion to the creator's estate.