9-1.4 - Acquisition of Real Property by Foreign Trust

NY Est Pow & Trusts L § 9-1.4 (2019) (N/A)
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Where real property situated in this state is acquired by a trust validly created under the law of another jurisdiction, whether there is a violation of the rule against perpetuities and whether a direction for the accumulation of rents and profits is valid are determined by the law of this state in effect at the time of the acquisition of such property.