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New York Consolidated Laws, Surrogate's Court Procedure Act - SCP § 1506. Nonliability for acts of predecessor executor

Current as of January 01, 2024 | Updated by FindLaw Staff

A trustee who was not an executor of the estate of the same decedent shall not be liable for breach of trust committed by the executor in any of the following cases:

1. He received the assets of the trust pursuant to a final decree of the court.

2. He did not know of a situation constituting a breach of trust committed by the executor, and does not improperly permit it to continue.

3. He does not neglect to take proper steps to compel the executor to deliver trust property to him.

4. He does not neglect to take proper steps to redress a breach of trust committed by the executor.

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Cite this article: FindLaw.com - New York Consolidated Laws, Surrogate's Court Procedure Act - SCP § 1506. Nonliability for acts of predecessor executor - last updated January 01, 2024 | https://codes.findlaw.com/ny/surrogates-court-procedure-act/scp-sect-1506/

Read this complete New York Consolidated Laws, Surrogate's Court Procedure Act - SCP § 1506. Nonliability for acts of predecessor executor on Westlaw. Westlaw subscription required.

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