There is a newer version
of
the New York Laws
2020 New York Laws
EPT - Estates, Powers and Trusts
Article 9 - Perpetuities and Accumulations
Part 2 - Accumulations
9-2.3 - Undistributed Income
Universal Citation: NY Est Pow & Trusts L § 9-2.3 (2020)
§ 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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