Statute · New York Estates, Powers & Trusts Law

N.Y. Est. Powers & Trusts Law § 10-3.2 — Classification of powers of appointment as to kind; general and

N.Y. Est. Powers & Trusts Law § 10-3.2

Type: Statute
Source: New York Estates, Powers & Trusts Law
Jurisdiction: New York
Current through: Nov 5, 2026 (NY Senate Open Legislation)

§ 10-3.2 Classification of powers of appointment as to kind; general and

Citator

N.Y. Est. Powers & Trusts Law § 10-3.2 — Classification of powers of appointment as to kind; general and is in force in the current edition of the Code, and nothing recorded condemns it.

§ 10-3.2 Classification of powers of appointment as to kind; general and

special; exclusive and non-exclusive

(a) A power of appointment is:

(1) general or special.

(2) exclusive or non-exclusive.

(b) A power of appointment is general to the extent that it is exercisable wholly in favor of the donee, his estate, his creditors or the creditors of his estate.

(c) All other powers of appointment are special.

(d) A special power of appointment is exclusive if it may be exercised in favor of one or more of the appointees to the exclusion of the others.

(e) A special power of appointment is non-exclusive if it must be exercised in favor of all the appointees.