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N.Y. Real Property Actions & Proceedings Law § 405

Interest defeasible by remarriage

2014-09-22

§ 405. Interest defeasible by remarriage. Whenever an interest is\ndefeasible on the remarriage of a person whose life is involved, this\nfact of defeasibility may be taken into account in the valuation of any\nsuch interest or of any interest subject thereto, if justice requires.\nFor this purpose, the Casualty Actuarial Society's Table on Remarriage\nor other tables accepted by actuarial practice shall be employed.\n

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.