Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 10-10.3 — Power to lease in tenant for life; transfer and extinguishment
N.Y. Est. Powers & Trusts Law § 10-10.3
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 10-10.3 Power to lease in tenant for life; transfer and extinguishment
Citator
N.Y. Est. Powers & Trusts Law § 10-10.3 — Power to lease in tenant for life; transfer and extinguishment is in force in the current edition of the Code, and nothing recorded condemns it.
§ 10-10.3 Power to lease in tenant for life; transfer and extinguishment
The power of a tenant for life to make leases is not assignable as a separate interest, but is annexed to his estate and passes by a disposition of such estate unless expressly excepted. If so excepted, it is extinguished. Such a power may be released by the tenant to a person entitled to a future estate in the property, and shall thereupon be extinguished.