New York § 1601 Application by trustee for court authorization to mortgage, to lease, to sell, to acquire or to exchange real property or for confirmatio...

New York Statutes

§ 1601 — Application by trustee for court authorization to mortgage, to lease, to sell, to acquire or to exchange real property or for confirmatio...

New York § 1601

Law RPAReal Property Actions & Proceedings

Art. 16Judicial Authorization of Sale, Lease, Mortgage, Acquisition, Exchange or Voluntary Partition

This text of New York § 1601 (Application by trustee for court authorization to mortgage, to lease, to sell, to acquire or to exchange real property or for confirmatio...) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. Real Property Actions & Proceedings § 1601 (2026).

Text

§ 1601. Application by trustee for court authorization to mortgage, to\nlease, to sell, to acquire or to exchange real property or for\nconfirmation of a lease of real property.

1.When the assets of a trust\ninclude an interest in real property, the trustee may apply to the court\ndesignated in section 1603, and in the case of a testamentary trust, to\nthe court having jurisdiction thereof, for an order authorizing such\ntrustee to mortgage, to lease or to sell such real property or a part\nthereof; or to acquire land adjacent to such real property or to\nexchange a portion of such real property for lands adjacent to such real\nproperty when either such acquisition or exchange would tend to improve\nthe boundary lines of such real property; or to confirm a lease for a\nterm longer than

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§ 1601. Application by trustee for court authorization to mortgage, to\nlease, to sell, to acquire or to exchange real property or for\nconfirmation of a lease of real property. 1. When the assets of a trust\ninclude an interest in real property, the trustee may apply to the court\ndesignated in section 1603, and in the case of a testamentary trust, to\nthe court having jurisdiction thereof, for an order authorizing such\ntrustee to mortgage, to lease or to sell such real property or a part\nthereof; or to acquire land adjacent to such real property or to\nexchange a portion of such real property for lands adjacent to such real\nproperty when either such acquisition or exchange would tend to improve\nthe boundary lines of such real property; or to confirm a lease for a\nterm longer than ten years made by a trustee of such real property\nwithout obtaining prior authorization by a court.\n 2. An application for an order authorizing a trustee to acquire land\nadjacent to real property in which the trustee has an interest, or as to\nwhich he has a power of sale, may also be made when such real property\nand the adjacent land to be acquired have the same building or\nphysically connected buildings thereon.\n