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2015 New York Laws
EPT - Estates, Powers & Trusts
Article 7 - TRUSTS
Part 1 - (7-1.1 - 7-1.19) RULES GOVERNING TRUSTS
7-1.2 - Trustee of passive trust not to take

NY Est Pow & Trusts L § 7-1.2 (2015) What's This?
7-1.2 Trustee of passive trust not to take

Every  disposition of property shall be made directly to the person in
  whom the right to possession and income is intended to be vested and not
  to another in trust for such person, and if made to any person in  trust
  for  another,  no  estate, legal or equitable, vests in the trustee. But
  neither this  section  nor  7-1.1  shall  apply  to  trusts  arising  or
  resulting by implicaiton of law.

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