There is a newer version
of
the New York Laws
2018 New York Laws
EPT - Estates, Powers and Trusts
Article 7 - Trusts
Part 1 - Rules Governing Trusts
7-1.1 - When Trust Interests Not to Merge
Universal Citation: NY Est Pow & Trusts L § 7-1.1 (2018)
§ 7-1.1 When trust interests not to mergeA trust is not merged or invalid because a person, including but not limited to the creator of the trust, is or may become the sole trustee and the sole holder of the present beneficial interest therein, provided that one or more other persons hold a beneficial interest therein, whether such interest be vested or contingent, present or future, and whether created by express provision of the instrument or as a result of reversion to the creator's estate.
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