N.Y. EPTL 7-3.2
Current through 2024 NY Law Chapters 1-50, 52-55, 57, 61-117
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.
N.Y. EPTL 7-3.2