§ 7-3.2 Bona fide purchasers and creditors protected An express trust not declared in the disposition to the trustee or an implied or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the trustee in reliance upon his apparent ownership of the trust property.
Bona fide purchasers and creditors protected
N.Y. Estates, Powers & Trusts Law § 7-3.2, under Rights of Purchasers, Creditors and Other Persons.
N.Y. Estates, Powers & Trusts Law § 7-3.2