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New York Consolidated Laws, Estates, Powers and Trusts Law - EPT § 10-6.5 Exercise of exclusive and non-exclusive power of appointment

Current as of January 01, 2024 | Updated by FindLaw Staff

(a)  1 Unless the donor expressly provides otherwise:

(1) The donee of an exclusive power may appoint all or any part of the appointive property to one or more of the appointees to the exclusion of the others.

(2) The donee of a non-exclusive power must appoint in favor of all of the appointees equally.

1 No subd. (b) has been enacted.
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Cite this article: FindLaw.com - New York Consolidated Laws, Estates, Powers and Trusts Law - EPT § 10-6.5 Exercise of exclusive and non-exclusive power of appointment - last updated January 01, 2024 | https://codes.findlaw.com/ny/estates-powers-and-trusts-law/ept-sect-10-6-5/

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