NY State — NY Real Property Actions & Proceedings Law

§ 967 — SECTION 967 Payment of proceeds to owner of particular or future estate

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

What is NY RPAPL § 967?

Quick Answer

This section outlines the entitlement of parties with a right of dower, tenants for life or years, and those with future rights or estates to a proportion of the proceeds from the sale of property. The court is responsible for determining the manner of investment or payment to protect the rights of these parties. Applies to individuals with specific property interests.

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

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§ 967 SECTION 967 Payment of proceeds to owner of particular or future estate

RPAPL § 967

A party who has a right of dower, or is a tenant for life or for years, in or of an undivided share of the property sold, or has an inchoate right of dower or any other future right or estate, vested or contingent, or any person not in being who by any contingency may become entitled to any interest or estate in the property sold, is entitled to have a proportion of the proceeds of the sale invested, secured or paid over, in such manner as the court deems calculated to protect the rights and interests of the parties.

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