New York Laws
Part 1 - Perpetuities
9-1.4 - Acquisition of Real Property by Foreign Trust

Where real property situated in this state is acquired by a trust
validly created under the law of another jurisdiction, whether there is
a violation of the rule against perpetuities and whether a direction for
the accumulation of rents and profits is valid are determined by the law
of this state in effect at the time of the acquisition of such property.

Structure New York Laws