2006 New York Code - Nonliability For Acts Of Predecessor Executor



 
  § 1506. Nonliability for acts of predecessor executor
    A  trustee  who was not an executor of the estate of the same decedent
  shall not be liable for breach of trust committed by the executor in any
  of the following cases:
    1.  He received the assets of the trust pursuant to a final decree  of
  the court.
    2.    He  did  not  know of a situation constituting a breach of trust
  committed by  the  executor,  and  does  not  improperly  permit  it  to
  continue.
    3.  He does not neglect to take proper steps to compel the executor to
  deliver trust property to him.
    4.    He  does not neglect to take proper steps to redress a breach of
  trust committed by the executor.

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