Definition and Enforcement of Trusts | Midpage

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New York Consolidated Laws

3-A

Definition and Enforcement of Trusts

70Definition of trusts 71Purpose of the trust; "trust claims"; "beneficiaries 71-AFurther trust of funds received or receivable by owner under executory contract for the sale and improvement of real property 72Diversion of trust funds 73Affirmative defense in action against transferee of trust assets or to charge trustee in certain cases; "Notice of Lending 74Authority of trustee in administering trust funds 75Deposit of funds of trust; books or records to be kept 76Right of beneficiaries to examine books or records and make copies, or to receive statement 77Action to enforce trust 78Relief after judgment on obligation constituting trust claim 79Liens not affected 79-AMisappropriation of funds of trust