EPTL 7-1.2 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7-1.1 When trust interests not to merge up PART 1 Rules Governing Trusts next SECTION 7-1.3 Purchase-money resulting trust abolished Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7-1.2 Trustee of passive trust not to take Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 1 § 7-1.2 Trustee of passive trust not to take Every disposition of property shall be made directly to the person in whom the right to possession and income is intended to be vested and not to another in trust for such person, and if made to any person in trust for another, no estate, legal or equitable, vests in the trustee. But neither this section nor 7-1.1 shall apply to trusts arising or resulting by implicaiton of law.