N.Y. EPT Law § 7-1.2
This is the official text of N.Y. EPT Law § 7-1.2, part of New York’s EPT Law — part of the compiled statutory law of New York, published by the state as "EPT Law." Browse the sections below, each linked to its official government source.
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Trustee of passive trust not to take
Official statutory text
§ 7-1.2 Trustee of passive trust not to take\n Every disposition of property shall be made directly to the person in\nwhom the right to possession and income is intended to be vested and not\nto another in trust for such person, and if made to any person in trust\nfor another, no estate, legal or equitable, vests in the trustee. But\nneither this section nor 7-1.1 shall apply to trusts arising or\nresulting by implicaiton of law.\n
Status: in_force · Read it on the official government site
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