N.Y. Real Property Actions & Proceedings Law Section 405
Interest defeasible by remarriage

Whenever an interest is defeasible on the remarriage of a person whose life is involved, this fact of defeasibility may be taken into account in the valuation of any such interest or of any interest subject thereto, if justice requires. For this purpose, the Casualty Actuarial Society’s Table on Remarriage or other tables accepted by actuarial practice shall be employed.

Source: Section 405 — Interest defeasible by remarriage, https://www.­nysenate.­gov/legislation/laws/RPA/405 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

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Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 405’s source at nysenate​.gov

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