There is a newer version of the New York Consolidated Laws
2016 New York Laws
EPT - Estates, Powers & Trusts
Article 9 - PERPETUITIES AND ACCUMULATIONS
Part 2 - (9-2.1 - 9-2.3) ACCUMULATIONS
9-2.3 - Undistributed income
NY Est Pow & Trusts L § 9-2.3 (2016) What's This?
9-2.3 Undistributed incomeWhen income is not disposed of and no valid direction is given for its accumulation it passes to the persons presumptively entitled to the next eventual estate.
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