N.Y. EPT Law § 10-9.1
This is the official text of N.Y. EPT Law § 10-9.1, 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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Revocability of a power of appointment
Official statutory text
§ 10-9.1 Revocability of a power of appointment\n (a) A power of appointment is irrevocable unless the donor reserves\nthe right to revoke it.\n (b) An exercise of power of appointment is irrevocable whenever:\n (1) The donor of a special power manifests his intention that its\nexercise be irrevocable, or\n (2) The donee does not manifest in the instrument exercising the power\nhis intention to reserve a power of revocation.\n (c) If the donee in exercising a power reserves a power to revoke the\nappointment, but does not expressly reserve a power to reappoint, upon\nthe exercise of the power of revocation, the donee can reappoint.\n (d) An instrument exercising a power of appointment is affected by\nfraud in the same manner as a deed or will, executed by an owner or by a\ntrustee of property.\n
Status: in_force · Read it on the official government site
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