Statute · New York Real Property Law
N.Y. Real Prop. Law § 276 — Effect of certain easements on the right to invest in mortgages
N.Y. Real Prop. Law § 276
- Type
- Statute
- Source
- New York Real Property Law
- Jurisdiction
- New York
- Current through
- Nov 4, 2026 (NY Senate Open Legislation)
§ 276. Effect of certain easements on the right to invest in mortgages. The existence of an easement in real property acquired or reserved by a municipal corporation, a railroad corporation or other transportation corporation, shall not be deemed an encumbrance upon such real property under any…
Citator
N.Y. Real Prop. Law § 276 — Effect of certain easements on the right to invest in mortgages is in force in the current edition of the Code, and nothing recorded condemns it.
§ 276. Effect of certain easements on the right to invest in mortgages. The existence of an easement in real property acquired or reserved by a municipal corporation, a railroad corporation or other transportation corporation, shall not be deemed an encumbrance upon such real property under any law relating to investments in mortgages upon real property by corporations, trustees, executors, administrators, guardians or other persons holding trust funds, but the effect of such an easement upon the real property which it affects, shall be taken into consideration in determining the value thereof.