N.Y. LIE Law § 78
This is the official text of N.Y. LIE Law § 78, part of New York’s LIE Law — part of the compiled statutory law of New York, published by the state as "LIE Law." Browse the sections below, each linked to its official government source.
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Relief after judgment on obligation constituting trust claim
Official statutory text
§ 78. Relief after judgment on obligation constituting trust claim. If\na trust beneficiary shall recover judgment against the trustee upon the\nobligation constituting the trust claim: (except in the enforcement of a\nlien as provided in articles two and three of this chapter)\n (a) execution upon the judgment shall not be levied upon any trust\nasset;\n (b) to the extent of trust assets affected by proceedings to enforce\nthe judgment, the proceedings shall be deemed to be for the benefit of\nall trust beneficiaries who would, at the time the proceeding is\ninstituted, be entitled to maintain an action to enforce the trust, and\nthe provisions of section seventy-seven of this chapter shall apply in\nany such proceedings.\n
Status: in_force · Read it on the official government site
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