Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 9-1.4 — Acquisition of real property by foreign trust
N.Y. Est. Powers & Trusts Law § 9-1.4
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 9-1.4 Acquisition of real property by foreign trust
Citator
N.Y. Est. Powers & Trusts Law § 9-1.4 — Acquisition of real property by foreign trust is in force in the current edition of the Code, and nothing recorded condemns it.
§ 9-1.4 Acquisition of real property by foreign trust
Where real property situated in this state is acquired by a trust validly created under the law of another jurisdiction, whether there is a violation of the rule against perpetuities and whether a direction for the accumulation of rents and profits is valid are determined by the law of this state in effect at the time of the acquisition of such property.