The Real Property Law of the State of New York; Being Chapter Forty-Six of the General Laws (Passed May 12, 1896; Chapter 547, Laws of 1896) With All the Amendments Thereto

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Undisposed of Rents and Profits. 223 § 53. Undisposed profits. — When, in consequence of a valid limitation of an expectant estate, there is a suspension of the power of alienation, or of the ownership, during the continuance of which the rents and profits are undisposed of, and no valid direction for their accumulation is given, such rents and profits shall belong to the persons pre- sumptively entitled to the next eventual estate.
Formerly i Revised Statutes, 726, section 40: § 40. When in co
...nsequence of a valid limitation of an expectant estate, there shall be a suspense of the power of alienation or of the ownership, during the continuance of which, the rents and profits shall be undisposed of, and no valid direction for their accumulation is given, such rents and profits shall belong to the persons presumptively entitled to the next event- ual estate.' Common-law Kule. Before this section of the Revised Statutes any portion of real estate undevised went to the heirs' or resulted to the grantor or settlor.' Rule Now, Since the Revised Statutes.

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