EPTL 7-1.1 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search up PART 1 Rules Governing Trusts next SECTION 7-1.2 Trustee of passive trust not to take Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7-1.1 When trust interests not to merge Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 1 § 7-1.1 When trust interests not to merge A trust is not merged or invalid because a person, including but not limited to the creator of the trust, is or may become the sole trustee and the sole holder of the present beneficial interest therein, provided that one or more other persons hold a beneficial interest therein, whether such interest be vested or contingent, present or future, and whether created by express provision of the instrument or as a result of reversion to the creator's estate.