New York § 1602 - 1602Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property
Full text of New York New York Consolidated Laws § 1602 — 1602Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property, with citation guidance and answers to common questions.
§ 1602. 1602Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property
§ 1602. Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property. When the ownership of real property is divided into one or more possessory interests and one or more future interests, the owner of any interest in such real property or in the proceeds to be derived therefrom on a directed sale thereof, except the owner of a possessory estate in fee simple absolute therein, may apply to the court designated in section 1603 for an order directing that said real property, or a part thereof, be mortgaged, leased or sold. If any such owner is an infant or otherwise under disability, the application can be made on behalf of such person, by the person duly authorized by law to care for his property interests.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 1602
What does New York Consolidated Laws § 1602 cover?
Section 1602 ("1602Application by owner of present or future interest for court authorization to mortgage, to lease or to sell real property") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 1602?
A common citation format is "New York Consolidated Laws § 1602" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 1602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.