N.Y. Estates, Powers and Trusts Law 7-2.8 – Commissions of trustee to sell real property for benefit of
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§ 7-2.8 Commissions of trustee to sell real property for benefit of
Terms Used In N.Y. Estates, Powers and Trusts Law 7-2.8
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Trustee: A person or institution holding and administering property in trust.
creditors
A trustee of a trust to sell real property for the benefit of creditors is entitled to the same commissions as an assignee for the benefit of creditors.