§ 9-2.3 Undistributed income\n When income is not disposed of and no valid direction is given for its\naccumulation it passes to the persons presumptively entitled to the next\neventual estate.\n
N.Y. Est. Powers & Trusts Law § 9-2.3
Undistributed income
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.