New York § 1506 Nonliability for acts of predecessor executor A trustee who was not an executor of the estate of the same decedent shall not be liable fo...

New York Statutes

§ 1506 — Nonliability for acts of predecessor executor A trustee who was not an executor of the estate of the same decedent shall not be liable fo...

New York § 1506

Law SCPSurrogate's Court Procedure

Art. 15Trusts and Trustees

This text of New York § 1506 (Nonliability for acts of predecessor executor A trustee who was not an executor of the estate of the same decedent shall not be liable fo...) 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. Surrogate's Court Procedure § 1506 (2026).

Text

§ 1506. Nonliability for acts of predecessor executor\n  A trustee who was not an executor of the estate of the same decedent\nshall not be liable for breach of trust committed by the executor in any\nof the following cases:\n  1.  He received the assets of the trust pursuant to a final decree of\nthe court.\n  2.  He did not know of a situation constituting a breach of trust\ncommitted by the executor, and does not improperly permit it to\ncontinue.\n  3.  He does not neglect to take proper steps to compel the executor to\ndeliver trust property to him.\n  4.  He does not neglect to take proper steps to redress a breach of\ntrust committed by the executor.\n

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§ 1506. Nonliability for acts of predecessor executor\n A trustee who was not an executor of the estate of the same decedent\nshall not be liable for breach of trust committed by the executor in any\nof the following cases:\n 1. He received the assets of the trust pursuant to a final decree of\nthe court.\n 2. He did not know of a situation constituting a breach of trust\ncommitted by the executor, and does not improperly permit it to\ncontinue.\n 3. He does not neglect to take proper steps to compel the executor to\ndeliver trust property to him.\n 4. He does not neglect to take proper steps to redress a breach of\ntrust committed by the executor.\n