NY State — NY Real Property Law

§ 130-H — SECTION 130-H Construction of article

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Statute text reproduced from nysenate.gov. Not attorney-reviewed for your situation — for reference only.

What is NY RPL § 130-H?

Quick Answer

This section outlines the liberal construction of the article to fulfill its intended purpose. It clarifies that the enumeration of specific powers and duties does not limit the use of additional powers under trust indentures or similar instruments. This statute does not repeal other laws unless there is an irreconcilable conflict. Applies to entities involved in trust indentures and related instruments.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 130-H SECTION 130-H Construction of article

RPL § 130-H

§ 130-h. Construction of article. This article shall be construed liberally to effectuate its purpose. The enumeration by this article of specific powers and duties in trust indentures and other instruments shall not preclude or prevent the use, exercise or enjoyment of additional powers and duties under or pursuant to such instruments or excuse the failure to exercise or perform such other powers or duties. Nothing contained in this article shall be construed to repeal any other provision of law except in so far as it is irreconcilably in conflict with a provision of this article in which event the latter shall control.

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