N.Y. EPT Law § 10-3.1
This is the official text of N.Y. EPT Law § 10-3.1, part of New York’s EPT Law — part of the compiled statutory law of New York, published by the state as "EPT Law." Browse the sections below, each linked to its official government source.
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Powers of appointment and other powers
Official statutory text
§ 10-3.1 Powers of appointment and other powers\n (a) This article applies to powers of appointment. A power of\nappointment, as the term is used in this article, is an authority\ncreated or reserved by a person having property subject to his\ndisposition, enabling the donee to designate, within such limits as may\nbe prescribed by the donor, the appointees of the property or the shares\nor the manner in which such property shall be received.\n (b) This article applies, generally, to powers which are not powers of\nappointment, such as a power to revoke a disposition previously made, a\npower during minority to manage property vested in an infant, a power to\ndisburse the principal of a trust, a power to sell in a mortgage and a\npower in a life tenant to make leases. This enumeration is not exclusive\nbut illustrative.\n
Status: in_force · Read it on the official government site
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