N.Y. EPT Law § 10-3.2
This is the official text of N.Y. EPT Law § 10-3.2, 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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Classification of powers of appointment as to kind; general and
Official statutory text
§ 10-3.2 Classification of powers of appointment as to kind; general and\n special; exclusive and non-exclusive\n (a) A power of appointment is:\n (1) general or special.\n (2) exclusive or non-exclusive.\n (b) A power of appointment is general to the extent that it is\nexercisable wholly in favor of the donee, his estate, his creditors or\nthe creditors of his estate.\n (c) All other powers of appointment are special.\n (d) A special power of appointment is exclusive if it may be exercised\nin favor of one or more of the appointees to the exclusion of the\nothers.\n (e) A special power of appointment is non-exclusive if it must be\nexercised in favor of all the appointees.\n
Status: in_force · Read it on the official government site
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