Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 7-3.2 — Bona fide purchasers and creditors protected
N.Y. Est. Powers & Trusts Law § 7-3.2
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 7-3.2 Bona fide purchasers and creditors protected
Citator
N.Y. Est. Powers & Trusts Law § 7-3.2 — Bona fide purchasers and creditors protected is in force in the current edition of the Code, and nothing recorded condemns it.
§ 7-3.2 Bona fide purchasers and creditors protected
An express trust not declared in the disposition to the trustee or an implied or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the trustee in reliance upon his apparent ownership of the trust property.