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    • Legislation USA
    • New York Laws
    • LIE - Lien
    • Article 3-A - Definition and Enforcement of Trusts
    • 72 - Diversion of Trust Funds.

    New York Laws
    Article 3-A - Definition and Enforcement of Trusts
    72 - Diversion of Trust Funds.

    (a) it shall be the duty of the trustee, if he is a party, to defend
    the trust against such application, and if he knows of the action or
    proceeding but is not a party, to make application for intervention
    therein for the purpose of defending the trust;
    (b) any beneficiary of the trust having a trust claim may intervene in
    the action or proceeding to defend the trust against such application.

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    Structure New York Laws

    New York Laws

    LIE - Lien

    Article 3-A - Definition and Enforcement of Trusts

    70 - Definition of Trusts.

    71 - Purpose of the Trust; "Trust Claims"; "beneficiaries."

    71-A - Further Trust of Funds Received or Receivable by Owner Under Executory Contract for the Sale and Improvement of Real Property.

    72 - Diversion of Trust Funds.

    73 - Affirmative Defense in Action Against Transferee of Trust Assets or to Charge Trustee in Certain Cases; "Notice of lending."

    74 - Authority of Trustee in Administering Trust Funds.

    75 - Deposit of Funds of Trust; Books or Records to Be Kept.

    76 - Right of Beneficiaries to Examine Books or Records and Make Copies, or to Receive Statement.

    77 - Action to Enforce Trust.

    78 - Relief After Judgment on Obligation Constituting Trust Claim.

    79 - Liens Not Affected.

    79-A - Misappropriation of Funds of Trust.

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