New York § 1602 Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property

New York Statutes

§ 1602 — Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property

New York § 1602

Law RPAReal Property Actions & Proceedings

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

This text of New York § 1602 (Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property) 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 § 1602 (2026).

Text

  § 1602. Application by owner of present or future interest for court\nauthorization to mortgage, to lease or to sell real property. When the\nownership of real property is divided into one or more possessory\ninterests and one or more future interests, the owner of any interest in\nsuch real property or in the proceeds to be derived therefrom on a\ndirected sale thereof, except the owner of a possessory estate in fee\nsimple absolute therein, may apply to the court designated in section\n1603 for an order directing that said real property, or a part thereof,\nbe mortgaged, leased or sold. If any such owner is an infant or\notherwise under disability, the application can be made on behalf of\nsuch person, by the person duly authorized by law to care for his\nproperty interests.\n

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§ 1602. Application by owner of present or future interest for court\nauthorization to mortgage, to lease or to sell real property. When the\nownership of real property is divided into one or more possessory\ninterests and one or more future interests, the owner of any interest in\nsuch real property or in the proceeds to be derived therefrom on a\ndirected sale thereof, except the owner of a possessory estate in fee\nsimple absolute therein, may apply to the court designated in section\n1603 for an order directing that said real property, or a part thereof,\nbe mortgaged, leased or sold. If any such owner is an infant or\notherwise under disability, the application can be made on behalf of\nsuch person, by the person duly authorized by law to care for his\nproperty interests.\n