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2016 New York Laws
EPT - Estates, Powers & Trusts
Article 7 - TRUSTS
Part 3 - (7-3.1 - 7-3.5) RIGHTS OF PURCHASERS, CREDITORS AND OTHER PERSONS
7-3.2 - Bona fide purchasers and creditors protected

NY Est Pow & Trusts L § 7-3.2 (2016) What's This?
7-3.2 Bona fide purchasers and creditors protected

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.

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