§ 7-1.7 Interest remaining in creator of trust\n Every legal estate and interest not embraced in an express trust and\nnot otherwise disposed of remains in the creator.\n
N.Y. Est. Powers & Trusts Law § 7-1.7
Interest remaining in creator of trust
Applied in 1 court decision — leading case Citibank, N.A. v. Bombshell Taxi LLC (In re Hypnotic Taxi LLC) (2017)
Most recently applied in Citibank, N.A. v. Bombshell Taxi LLC (In re Hypnotic Taxi LLC) (April 2017)
2014-09-22
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.