EPTL 7-3.2 — Legislation

Legislation Search OpenLegislation Statutes Search Term Search icon Search previous SECTION 7-3.1 Disposition in trust for creator void as against creditors up PART 3 Rights of Purchasers, Creditors and Other Persons next SECTION 7-3.3 Person paying money to the trustee protected Viewing most recent revision (from 2014-09-22) View historical revision as of: -- Choose a Date -- 2014-09-22 Share Facebook Email SECTION 7-3.2 Bona fide purchasers and creditors protected Estates, Powers & Trusts (EPT) CHAPTER 17-B, ARTICLE 7, PART 3 § 7-3.2 Bona fide purchasers and creditors protected An express trust not declared in the disposition to the trustee or an implied or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the trustee in reliance upon his apparent ownership of the trust property.