New York Consolidated Laws, Surrogate's Court Procedure Act - SCP § 1714. Power to manage during minority property vested in an infant

The donee of a power to manage during minority property vested in an infant resulting from an ineffectual attempt by will or deed to appoint the donee as guardian shall be subject to the provisions of this article.  In respect of such property he shall have all the rights and duties of a guardian and shall be entitled to receive the commissions allowed to a guardian.