Statute · New York Estates, Powers & Trusts Law

N.Y. Est. Powers & Trusts Law § 10-4.1 — Rules for creation of a power of appointment.

N.Y. Est. Powers & Trusts Law § 10-4.1

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

§ 10-4.1 Rules for creation of a power of appointment.

Citator

N.Y. Est. Powers & Trusts Law § 10-4.1 — Rules for creation of a power of appointment. is in force in the current edition of the Code, and nothing recorded condemns it.

§ 10-4.1 Rules for creation of a power of appointment.

(a) The donor of a power of appointment:

(1) Must be a person capable of transferring the appointive property.

(2) Must have created or reserved the power by a written instrument executed by him in the manner required by law.

(3) Must manifest his intention to confer the power on a person capable of holding the appointive property.

(4) Cannot nullify or alter the rights of creditors of the donee, as defined in this article, by any language in the instrument creating or reserving the power purporting to give the interest of such donee a spendthrift character.