2006 New York Code - Effect Of Certain Easements On The Right To Invest In Mortgages.

 
    §  276.  Effect  of  certain  easements  on  the  right  to  invest in
  mortgages. The existence of an easement in  real  property  acquired  or
  reserved  by  a  municipal  corporation, a railroad corporation or other
  transportation corporation, shall not be deemed an encumbrance upon such
  real property under any law relating to investments  in  mortgages  upon
  real  property  by  corporations,  trustees,  executors, administrators,
  guardians or other persons holding trust funds, but the effect  of  such
  an easement upon the real property which it affects, shall be taken into
  consideration in determining the value thereof.