{"jurisdiction": "us-ny", "code": "eptl", "section": "7-3.2", "citation": "EPTL § 7-3.2", "heading": "Bona fide purchasers and creditors protected", "text": ["§ 7-3.2 Bona fide purchasers and creditors protected", "An express trust not declared in the disposition to the trustee or an implied or resulting trust does not defeat the title of a purchaser from the trustee for value and without notice of the trust, or the rights of a creditor who extended credit to the trustee in reliance upon his apparent ownership of the trust property."], "official_source": "https://www.nysenate.gov/legislation/laws/EPT/7-3.2", "from_official_api": true, "plain_english": "An undisclosed express trust or an implied or resulting trust **does not defeat a good-faith purchaser’s title** when the purchaser paid value without notice. ★ It also does not defeat rights of a creditor who relied on the trustee’s apparent ownership when extending credit.", "in_force_on": "2026-05-31", "retrieved": "2026-09-27", "url": "https://elyphived.com/us-ny/eptl/7-3.2", "publisher": "Elyphived LLC"}