N.Y. EPT Law § 10-3.3
This is the official text of N.Y. EPT Law § 10-3.3, 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 time of exercise;
Official statutory text
§ 10-3.3 Classification of powers of appointment as to time of exercise;\n presently exercisable, testamentary and postponed\n (a) A power of appointment, as to the time of its exercise, is either\npresently exercisable, testamentary or postponed.\n (b) A power of appointment is presently exercisable if it may be\nexercised by the donee, during his lifetime or by his written will, at\nany time after its creation, and does not include a postponed power as\ndescribed in paragraph (d).\n (c) A power of appointment is testamentary if it is exercisable only\nby a written will of the donee.\n (d) A power of appointment is postponed if it is exercisable by the\ndonee only after the expiration of a stated time or after the occurrence\nor non-occurrence of a specified event.\n
Status: in_force · Read it on the official government site
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