Statute · New York Estates, Powers & Trusts Law
N.Y. Est. Powers & Trusts Law § 10-5.2 — Contract to appoint; power presently exercisable
N.Y. Est. Powers & Trusts Law § 10-5.2
- Type
- Statute
- Source
- New York Estates, Powers & Trusts Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 10-5.2 Contract to appoint; power presently exercisable
Citator
N.Y. Est. Powers & Trusts Law § 10-5.2 — Contract to appoint; power presently exercisable is in force in the current edition of the Code, and nothing recorded condemns it.
§ 10-5.2 Contract to appoint; power presently exercisable
The donee of a power of appointment which is presently exercisable, or of a postponed power which has become exercisable, can contract to make an appointment to the extent that the contract or the promised appointment does not confer a benefit upon a person who is not a permissible appointee under the power.