N.Y. EPT Law § 10-7.4
This is the official text of N.Y. EPT Law § 10-7.4, 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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Creditors of the donee; general power not presently exercisable
Official statutory text
§ 10-7.4 Creditors of the donee; general power not presently exercisable\n (a) Property covered by a general power of appointment which, when\ncreated, is not presently exercisable is subject to the payment of the\nclaims of creditors of the donee, his estate and the expenses of\nadministering his estate, only:\n (1) If the power was created by the donee in favor of himself; or\n (2) If a postponed power becomes exercisable in accordance with the\nterms of the creating instrument, except in the case of a testamentary\ngeneral power.\n
Status: in_force · Read it on the official government site
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