N.Y. Estates, Powers & Trusts Law Section 7-3.2
Bona fide purchasers and creditors protected


§ 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.

Source: Section 7-3.2 — Bona fide purchasers and creditors protected, https://www.­nysenate.­gov/legislation/laws/EPT/7-3.­2 (updated Sep. 22, 2014; accessed Jun. 15, 2024).

Accessed:
Jun. 15, 2024

Last modified:
Sep. 22, 2014

§ 7-3.2’s source at nysenate​.gov

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