§ 9-2.3 Undistributed income When 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.
N.Y. Estates, Powers & Trusts Law § 9-2.3, under Accumulations.
N.Y. Estates, Powers & Trusts Law § 9-2.3
§ 9-2.3 Undistributed income When 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.