Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 7-1.2 — Trustee of passive trust not to take
N.Y. Est. Powers & Trusts Law § 7-1.2
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 7-1.2 Trustee of passive trust not to take
Citator
N.Y. Est. Powers & Trusts Law § 7-1.2 — Trustee of passive trust not to take is in force in the current edition of the Code, and nothing recorded condemns it.
§ 7-1.2 Trustee of passive trust not to take
Every disposition of property shall be made directly to the person in whom the right to possession and income is intended to be vested and not to another in trust for such person, and if made to any person in trust for another, no estate, legal or equitable, vests in the trustee. But neither this section nor 7-1.1 shall apply to trusts arising or resulting by implicaiton of law.