There is a newer version
of
the New York Laws
2017 New York Laws
EPT - Estates, Powers & Trusts
Article 9 - Perpetuities and Accumulations
Part 1 - Perpetuities
9-1.4 - Acquisition of Real Property by Foreign Trust
Universal Citation: NY Est Pow & Trusts L § 9-1.4 (2017)
9-1.4 Acquisition of real property by foreign trustWhere real property situated in this state is acquired by a trust validly created under the law of another jurisdiction, whether there is a violation of the rule against perpetuities and whether a direction for the accumulation of rents and profits is valid are determined by the law of this state in effect at the time of the acquisition of such property.
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