(a) execution upon the judgment shall not be levied upon any trust
asset;
(b) to the extent of trust assets affected by proceedings to enforce
the judgment, the proceedings shall be deemed to be for the benefit of
all trust beneficiaries who would, at the time the proceeding is
instituted, be entitled to maintain an action to enforce the trust, and
the provisions of section seventy-seven of this chapter shall apply in
any such proceedings.
Structure New York Laws
Article 3-A - Definition and Enforcement of Trusts
71 - Purpose of the Trust; "Trust Claims"; "beneficiaries."
72 - Diversion of Trust Funds.
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.
78 - Relief After Judgment on Obligation Constituting Trust Claim.