7-1.2 - Trustee of passive trust not to take - New York Statutes

§ 7-1.2 Trustee of passive trust not to take Every disposition of property shall be made directly to the person in whom the right to possession and income is intended to be vested and not to another in trust for such person, and if made to any person in trust for another, no estate, legal or equitable, vests in the trustee. But neither this section nor 7-1.1 shall apply to trusts arising or resulting by implicaiton of law.